Navigating Strategic Decisions: The Power of Sound Analysis by John E. Triantis
By John E. Triantis
Based on 4 a long time of expertise and learn, Navigating Strategic judgements: the facility of Sound research and Forecasting explains how one can enhance the decision-making procedure on your association by using higher long term forecasts and choice aid. choked with time-tested methodologies and types, it offers you the instruments to set up the association, tactics, tools, and strategies required for studying and forecasting strategic decisions.
Describing the right way to foster the stipulations required for forecasts to materialize, this publication might help you rank undertaking valuations and choose better price construction tasks. It additionally teaches you the way to:
- Assess the industrial feasibility of enormous projects
- Apply sanity tests to forecasts and verify their source implications
- Benchmark best-in-class strategic forecasting firms, strategies, and practices
- Identify undertaking hazards and deal with undertaking uncertainty
- Analyze forecasting versions and eventualities to figure out controllable levers
- Pinpoint elements had to make sure that forecasted destiny states materialize as expected
This publication will give you the good thing about the author’s a long time of hands-on adventure. during this e-book, John Triantis stocks beneficial insights on strategic making plans, new product improvement, portfolio administration, and enterprise improvement teams. Describing how one can supply world-class aid for your company, marketplace, and different making plans capabilities, the publication will give you the instruments to constantly make enhanced judgements which are in response to not easy information, balanced reviews, good thought of eventualities, and sound forecasts.
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Extra info for Navigating Strategic Decisions: The Power of Sound Analysis and Forecasting
The book ends with Chapter 22, which summarizes the key aspects of SDF and presents the consensus observations of different project stakeholders in the field of analysis and forecasting for large impact, strategic decisions. The main conclusion is that while the new SDF paradigm cannot solve all decision problems, when properly structured and managed by experienced professionals, SDF consistently creates value. And, over time, it can lead to creating a source of competitive advantage for the company.
John holds a PhD in macroeconomics and international economics and a master’s degree in statistics and econometrics from the University of New Hampshire. His bachelor’s degree is in economics and mathematics from Fairleigh Dickinson University. S. Army during the Vietnam conflict. xxix Part I Preamble 1 Introduction A forecast is a statement about the future and usually takes the form of a single number, which is always wrong. Another definition is that a forecast is a prognosis and forecasting is the process of identifying the future state of the business.
Poor organizational governance structure 3. Missing internal and external functional and professional links 4. Forecaster isolation from mainstream decision-making activities 5. Absent or weak personal relationships and relationship development 6. Management of project stakeholder expectations and organizational politics 7. 6 FORECAST PERFORMANCE MEASURES In short-term forecasting, performance is closely monitored through various measures, such as mean absolute percent error, mean squared error, or root mean squared error.