How to Measure Anything: Using Applied Information Economics (Private Seminar)

$14,250.00* Per Session

This 2-day private seminar, designed for up to 20 people at your location, combines training and assistance applying the training to real-world issues in your organization. Douglas Hubbard will describe how to use the Applied Information Economics method to measure any intangible, think of risk like an actuary, and look at risky decisions in a quantitative way that is proven to improve decision-making performance. The material is designed for any person in the organization whose responsibilities include creating, reviewing, or acting on business cases or performance metrics. The session consists of core topics and optional topics as follows.

*Plus travel for domestic locations.

Optional $4,000.00/day for deep dive workshop into specific problem chosen by the client

Contact us for schedules, international location rates and additional details.

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Core topics: The following topics are included in the standard version of the seminar (the first 1.5 days of the 2-day event):

Understanding what’s wrong with current “Measurements” like risk matrices

Thinking about measurement and risk more like a scientist and actuary

Approving and prioritizing investments

Building a Monte Carlo Simulation of in Excel

Knowing what to measure based on the Value of Information calculations

Conducting measurements before, during and after a decision using prepared Excel spreadsheets

Challenges, Solutions, Next Steps Workshop (see below)

The “Plus” in Seminar Plus comes from the Challenges, Solutions, Next Steps (CSN) workshop conducted after the training.  In the CSN workshop, Douglas Hubbard will advise your organization on next steps for implementing these tools including identifying pilot projects, identifying participants, and proposing a plan. This step increases the probability of the training converting to action.

Optional Topics:  Choose any one of these half-day sessions or add a third day to the event to cover all topics.

Calibration Training – HDR will teach the techniques behind subjectively assessing the probability of uncertain events and the ranges of uncertain quantities. This is an essential skill for anyone who needs to consider chance in decisions. Participants will see their skills measurably improve during the training with a series of “calibration exams.” Participants will also learn some of the techniques involved in training others to be calibrated.

More Advanced Project Measurement Topics – Participants will learn more methods for more advanced project measurement topics. These include statistical methods for reducing expert inconsistency, conducting controlled experiments to measure the benefits of projects and to assess their risks.

Additional time for Challenges, Solutions, Next Step (CSN) Workshop – Depending on how complex your problem and how in-depth you want the discussion to be, you may want to allow more time for the CSN workshop.

Optional Customization:  If you need content developed specifically for your industry or your firm, contact us to estimate a customization effort.

This is the general purpose How to Measure Anything Seminar Plus to cover all measurement topics. See the following seminars for more specialized topics:

How to Measure Anything In Cybersecurity Risk

How to Measure Anything in Project Management


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