How your capital project execution team can benefit from comprehensive training in Predictability Thinking™ implementation
I’m pleased to announce the formal launch of our Predictability Thinking Framework Training™ program, the first and only program of its kind. This unique training, and the concepts that underpin it, are the result of years of research and work with clients at some of the largest capital project construction companies in the world. Keep reading to learn more.
What is the Predictability Thinking™ Framework?
Predictability Thinking™ is a mental model for how on-time, on-budget capital projects work. The Predictability Thinking Framework™ helps us to learn how to apply that mental model on complex, real-word capital projects. In practice, the Predictability Thinking Framework™ helps capital project organizations develop a fact-based, accurate and reliable understanding of what factors impact project outcomes, and leverage that understanding to deliver projects on-time and on-budget.
Think of a capital project like a car. The FEL Index, PDRI, risk register and other standard risk measurement tools are like items on your dashboard. They are designed to measure risk. The Predictability Thinking Framework™ is the steering wheel. It is designed to help you adjust the entire project execution system in real time so that you arrive at your destination on-time and on-budget.
What is Predictability Thinking™ Framework Training?
This exclusive training is delivered by the Concord Academy team in-person, live online and on-demand. It is a three-hour session that introduces Predictability Thinking™ and explains how to implement the framework in a capital project organization. It is essential training for project leadership and risk management professionals at the project or company level.
What is covered in Predictability Thinking Framework™ Executive Training?
The training introduces the fundamentals of Predictability Thinking™ including the history, basic concepts and key applications. We then survey the four dimensions of Predictability Thinking™ and provide robust examples to help teams interpret and apply the dimensions to their own projects. We provide an overview of key recommendations for predictable project delivery and finish with a short discussion about how Predictability Thinking™ can apply to your unique organization.
The four dimensions of the Predictability Thinking Framework™ are designed to guide a continuous decision-making process for capital projects. You’ll learn to score your project predictability using over 180 dimension components, and you’ll develop a better understanding of where you need to focus on your path to predictability.
On-time, on-budget delivery — aka, predictability — doesn’t need to be another goal. It can become part of your company’s identity, a part of the corporate DNA that influences everything about how you build projects, from beginning to end. In this short training, we’ll encourage you to use the framework and make it your own, by starting small, making it repeatable, making it easy and making it count.
If you’re interested in delivering more value for your clients while boosting the bottom line and improving your competitive position, contact us today.