Characteristics and Implications of Forecasting Errors in the Selection of R& D Projects (Classic Reprint) - Couverture souple

Meadows, Dennis L.

 
9781332254682: Characteristics and Implications of Forecasting Errors in the Selection of R& D Projects (Classic Reprint)

Synopsis

Understand how forecasting errors shape which R&D projects get funded, and why plans often miss the mark.

This book analyzes real data from multiple laboratories to show how early estimates diverge from what actually happens, and how those gaps ripple through decisions and budgets. It presents a dynamic view of forecasting as a decision feedback loop where forecasts, actions, and results continually influence each other.

- See how cost overruns and project outcomes connect, and what that means for resource allocation.
- Learn how the source of a project idea affects its risk and chances of commercial success.
- Discover how reorganizing laboratories around product teams can improve forecast accuracy.
- Explore using history-based confidence intervals to quantify forecast risk for budgeting and planning.

Ideal for managers and students of technology development seeking practical insight into forecasting errors.

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