Product Description
17 slides
FKBs (Focused Knowledge Brief) are documents containing information rich slides which list leading articles, books and key frameworks and any published materials on areas of research and/or practice.
This FKB on Reference Class Forecasting comprises 17 pages of PowerPoint slides that contain
- What RCF is and why is a useful complement to other forecasting techniques, such as regression analysis, to build accurate forecasts about costs, benefits and implementation horizon of crucial strategic and operational decisions
- Discussion of RCF as a practical application of the Outside View, a forecasting and decision making approach that has been proposed by Nobel Prize Daniel Kahneman
- Discussion of RCF as a technique to overcome cognitive biases such as anchoring, optimism, overconfidence and the planning fallacy
- Case studies of applications of RCF in market entry decisions as well as large IT infrastructure investments, including background information and key insights
- Certification by ICG that no information was obtained as part of any engagement ICG may have had.
