Re: Publishing internal practice and policy externally #knowledge-sharing
Thank you so much, Stephen! This is really great feedback. I had thought about ROI and different measures to assess the options. I hadn't thought about measuring FOI request, which is something my organization deals with on a regular basis. Also thanks for the link to your presentation. I will incorporate your suggestions in my policy brief. Now, Im off to google Monte Carlo simulation! 🙂
I've only been a member of this group for a few days and it is already proving to be very valuable.
From: SIKM@groups.io <SIKM@groups.io> on behalf of Stephen Bounds <km@...>
Sent: January 28, 2020 4:01 PM
To: SIKM@groups.io <SIKM@groups.io>
Subject: Re: [SIKM] Publishing internal practice and policy externally
I don't know how much your organisation would be receptive to a quantitative analysis to support this evaluation, but it is a good example of how you can model outcomes using RROI (relative return on investment) to guide the decision-making process.
In this instance, an RROI analysis process would go something like this:
Depending on the level of consensus for change numbers, you may also want to do a sensitivity analysis. This means modelling several scenarios for each change option using low and high estimates of numbers to see if and how much the ranking changes.
For bonus points, you can also use a Monte Carlo simulation to better reflect the uncertainty of real-world outcomes.
There is a bit more detail available in a presentation I did
back in 2018. Happy to discuss here or offline if you'd be interested to learn more.
==================================== Stephen Bounds Executive, Information Management Cordelta E: stephen.bounds@... M: 0401 829 096 ====================================
On 29/01/2020 5:55 am, Lisa Peckert wrote: