USING SYSTEMATIC SIMPLICITY TO CLARIFY OPPORTUNITY, RISK AND UNCERTAINTY FOR MUCH BETTER MANAGEMENT DECISION MAKING
Enlightened Planning is about management decision making that addresses all relevant uncertainty in project, operations and overall corporate planning contexts with a focus on interdependencies, first asking and then addressing all the right questions in the most effective way given the time and other resources available.
Effective communication across silo structures during the analysis process as addressed in Enlightened Planning builds upon conceptual and operational tools which have an established track record, and new perspectives provided by this book make the use of this toolset easier and more effective, with important mind set and corporate culture implications.
Past use of prototype versions of the toolset provided by Enlightened Planning in major organisations have been attributed with a potential payoff of £100 for every £1 invested by the senior managers involved. The underlying approach is centred on a significant generalisation of the ‘risk efficiency’ concept initially developed by Harry Markowitz, leading to his 1990 Nobel Prize for Economics. The focus of the basic generalisation is delivering a higher level of expected reward for a lower level of risk at the maximum level of risk which is prudent without making any restrictive assumptions about the measurement of ‘risk’. A further ‘opportunity efficiency’ generalisation of risk efficiency addresses appropriate trade-offs between multiple attributes as well as expected reward and associated risk for each relevant attribute. A ‘clarity efficiency’ component of opportunity efficiency is focussed on maximising clarity for all parties involved for the lowest feasible level of effort/cost with appropriate trade-offs between the level of clarity and the cost of achieving it. A wide range of well-founded approaches are synthesised to achieve what ‘best practice’ ought to be in this opportunity efficiency sense. Processes to implement the approach which are central to the clarity efficiency aspects are explained. Examples based on real cases are used to illustrate what is involved.
If you would like to see more detailed information, a copy of a synopsis of Enlightened Planning is available. It is based on the book’s front matter, and includes the chapter level table of contents, a foreword by Stephen Ward, comments by eleven other colleagues with a wide range of practitioner and academic perspectives, a preface, a chapter by chapter overview, and information about the author. This synopsis is available in a downloadable form.
Copies of Enlightened Planning can be obtained from Routledge using order, and discounts for large orders for course participants can be discussed with the Routledge Corporate and Institutional Sales team using the email address firstname.lastname@example.org .