Structured decison-making in uncertain times

Many businesses are facing an unprecedented need to react quickly to develop new approaches and evaluate new initiatives, without the time to create full business cases for each.

In this introductory video, Kate Willsher, COO of IfM Engage, presents a rapid method developed at the Institute for Manufacturing to assess the opportunity and feasibility of new projects.

The approach uses a scoring method to evaluate projects along two scales of opportunity and feasibility, along with a guide to quickly evaluate which projects are the best to take forward.

Resources

• Opportunity-Feasibility supporting documents (PowerPoint)
• Template Opportunity-Feasibility workbook (Excel)
• Scoring methods for evaluating and selecting early stage technology and innovation projects – working paper by Rick Mitchell, Rob Phaal, and Nicky Athanassopoulou.