Decision-Making & Predicting Success

crystalballA recent post focused on best practices for making the best decisions. However, despite the best intentions Project Managers, Leaders and other members of the workforce frequently look back at failed or semi-successful decisions regarding Continuous Improvement projects with critiques galore about what could have or should have been done.

Fortunately, there is a method for predicting success for continuous improvement projects.

The Conway Success Predictor was developed a few years ago by the Conway team of improvement coaches and distills a century or two of collective experience with what characteristics are most necessary for an improvement project’s success. This wisdom was built into a fun little spreadsheet tool that can help predict your project’s “fortune” after asking you to rate the project, on a scale of one to ten, relative to eleven key criteria. This straightforward approach involves rating potential projects in eleven key areas on a scale of 1-10.

These “rating areas” vary, and include:

  • The potential benefit of the project to the organization is clear, substantial and quantifiable.
  • The problem to be solved is clearly defined and quantifiable, and the project scope is focused and well-defined.
  • The project has top management’s commitment and support (resources, sponsorship and follow-up); no influential person is actively opposed to the project.

A review of the answers can then enable you to predict with a fair degree of accuracy how likely your project is to succeed.

Read the full article…