In this seven-part series, you’ll learn what Predictability Thinking™ is, why we need it, and how to apply it
Concord® is on a mission to empower capital project professionals, and part of the way we achieve that mission is by delivering new, industry-leading insights to your inbox every week. The seven-part Predictability Thinking™ Fundamentals series is a collection of weekly articles we’ve written about Predictability Thinking™ since way back in 2019 when Concord® CEO Olfa Hamdi coined the term and began elaborating on the concept, fuelled by the deep belief that Advanced Work Packaging was not enough to correct the systemic problems in capital project execution. Her innovative new approach to capital project planning offers a powerful compliment to Advanced Work Packaging, and this series is designed to give you a strong foundation in the basic concepts and principles. Looking for more? Concord® also offers in-depth certification courses through the Concord® Academy, and our team of consultants is standing by to offer assistance to organizations looking to embrace Predictability Thinking™. We hope you find this series both enlightening and useful!
Table of Contents
Your Crystal Ball: The Power of Predictability
Our seminal piece on Predictability Thinking™ with an introduction to basic concepts including predictable systems, repeatable processes, and measuring threats.
What is Predictability in Capital Projects?
Predictability means understanding the capital project execution process well enough to develop a fact-based, accurate and reliable forecast of project outcomes.
Why Predictability Thinking™ Works
To improve capital project outcomes, focus less on meeting stage-gate goals and more on creating predictable business systems and organizational habits.
Why Capital Project Executives Need a Predictability Mindset
Like all of the most powerful leadership approaches, Predictability Thinking™ must start at the top. In this article, Concord® CEO Olfa Hamdi explains why.
Why We Need a Predictability Thinking Framework
We don’t need more lagging measures to help us assess risk, we need a mental model that helps us maintain value creation.
How Predictability Thinking Reveals Invisible Threats to Capital Projects
Standard capital project management paradigms render many risks invisible. Unfortunately, these invisible risks are often the most insidious.
How to Achieve More Predictable Capital Project Costs
Capital project costs can be a powerful diagnostic tool. The key to leveraging this tool and gaining the benefits of predictability-based assurance is to expand the way you think about project costs.
