- discovery driven planning
- discovery driven planning
Discovery Driven Planning is a planning technique first introduced in a
Harvard
Business Review article by Rita Gunther McGrath and Ian C. MacMillan
in 1995 and subsequently
referenced in a number of books and articles.
Its main thesis is that when one is operating in arenas with significant amounts
of uncertainty, that a different approach than is normally used in conventional
planning applies. In conventional planning, the correctness of a plan is
generally judged by how close projections come to outcomes. In Discovery Driven
Planning, it is assumed that plan parameters may change because new information
is revealed, therefore the plan is subject to change. With conventional
planning, it is considered appropriate to fund the entire project as the
expectation is that one can predict a positive outcome. In discovery driven
planning, funds are released based on the accomplishment of key milestones or
checkpoints, at which point additional funding can be made available predicated
on reasonable expectations for future success.
source: http://en.wikipedia.org/wiki/DiscoveryDrivenPlanning
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