 Think Carefully Before You CommitRaphael H Cohen Chapter 4 in Pre-Project Excellence, 2024, pp 35-41 from Springer Abstract: Abstract This chapter outlines the importance of conducting pre-project analysis to avoid wasting resources on projects that may not be successful. It explains how the IpOp Model helps to screen ideas and have a realistic view of the required effort before allocating substantial resources. It introduces the concept of the four IpOp Reviews, which serve as a decision-making process to assess the feasibility and potential of an Opportunity. The chapter emphasizes the need for iterations and the Quick and Dirty approach to gather information and refine answers to key questions. It also highlights the role of Unknowns or uncertainties. The IpOp Model can be used to implement the recommendations of ISO 56007 that stresses the need to identify and catalog uncertainties but without explaining how. A rigorous management of all uncertainties/Unknowns optimizes the use of resources. Keywords: Think carefully; Commit; Opportunity; Opportunities; Opportunity cost; IpOp Reviews; Iterations; Pre-project; Wasting resources; Quick and dirty approach; Optimize resources; Screening ideas; Feasibility; Implementation; Project-management; IpOp Model; Unknowns; Uncertainties; ISO 56007 (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-3-031-61774-4_4 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-61774-4_4 Access Statistics for this chapter More chapters in Future of Business and Finance from Springer |
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