Organizations need to pick winners and losers. For example, a government must decide to whether to fund project X, Y or Z; a corporation only has the capital to build asset A, B or C.
Most organizations have developed a portfolio selection and management methodology. There are typically 2 parts to such a process: a set of criterion and a scoring scheme to rank the criteria. In this blog, I want to focus on the second challenge, the scoring.
How does a ‘requester’ know that a ‘submitter’ has provide a correct, complete, accurate and relevant ‘submission’? A framework to evaluate the planning, receipt, and evaluation of submissions.
This is a blog continues the series, ‘The RBM Plan!‘ looking at the challenges and criticisms for RBM. This topic allows an organization to design a RBM program tailored to their circumstances while hopefully escaping the mistakes and errors of other organizations.
Continue readingResults Based Management (RBM) is a fixture in international organizations and used to varying degrees by governments world wide. For Canadian business professionals or accountants, RBM is an unfamiliar term although they may be better acquainted with RBM’esque concepts such as portfolio investment management or continuous improvement.
Continue readingIn my last blog, I introduced the ‘NOW-Event-Map‘. This model combines both a forward looking strategic planning model with a retrospective performance reporting model. At the center of the map is the enduring concept of ‘NOW’. At the end of the prior blog I promised some thoughts on how the map might be used – besides as an academic thought exercise.
I am brushing up on a few concepts and processes that I have used in the past and may very well need to use in the future. One concept concerned a business philosophy of Results Based Management (RBM) and a tool RBM uses for project design, the Logical Framework (LogFrame).
Organizational Biology 