A Playbook for Lifecycle Decisions


Appraisal Excellence

A tailored package of practical decision quality software, training and consulting services targeted to ensure efficiency and value-add to appraisal stage-gate decisions.

Objectives

Provides clear understanding and agreement on:

  • Key project risks and uncertainties
  • Development decisions which can be affected if the project risks and uncertainties are reduced
  • Information options to consider to reduce key project risks/uncertainties
  • Appraisal strategies to consider
  • Uncertainty reduction potential associated the different appraisal options
  • Potential value-add with more appraisal
  • Development sanction criteria
  • High level, viable development concept options

Deliverables


  • Near-term appraisal strategy with timeline
  • Decision policy for next phase of appraisal and development
  • Skill set to revisit and update appraisal strategy as needed

Workflow


  1. Framing session to understand project status - key uncertainties and decisions being debated, strategies to consider for appraisal
  2. "Frame check" meeting with decision makers
  3. Uncertainty assessment expert interviews to characterize key project risks and uncertainties
  4. Scenario tree development for sanction criteria and option development
  5. Screening economics for development sanction and option prioritization
  6. Reliability of information expert interviews for uncertainty reduction potential of different appraisal options
  7. Appraisal strategy evaluation
  8. "Results" meeting with decision makers to select near-term appraisal strategy, decision policy for further appraisal and/or development, and entry to "concept selection" phase of project
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