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Profiling Sage Analytics
 Behind every successful project there is a range of necessary elements that must be brought together to ensure that the project is completed as planned. These elements include staying within budget, on time scheduling, meeting required specifications etc. By contrast, a project can fail because of a single event.
Operational systems designed to enhance success are not necessarily the logical reciprocal of those systems designed to minimise failure. It is therefore normal to expect that analysing for failure frequently yields far different results than analysing for success. Failure avoidance is often more dramatic, more beneficial and usually more cost effective than emphasizing the pursuit of success without attention to probable difficulties, barriers and inhibitors. It is still an uncommon risk analysis approach to achieving success.
Until now, there has been no way to accurately pinpoint and quantify critical subjective data as well as the more obvious objective data that point to potential failures. Furthermore there has not been an effective decision support method for prioritising the issues and risks in order to avoid dangers to the projects. Additionally, there has not been a method to measure the impacts of the interactions among issues and risks and their causes that create the greatest hazards for project managers.
PriorityPath® Technology
PriorityPath® Technology is a sophisticated decision support tool that identifies and assesses events and risks that can lead to failure of a given objective. It ranks the events and risks according to the impact they would have on the desired outcome. The events and risks considered include not only objectively identifiable risks but risk probabilities and possibilities that are derived subjectively.
With this tool managers can replace trial and error trouble shooting with proactive management.
PriorityPath® Technology was developed in the United States. The process is a development of the "fail-safe" risk avoidance technology that emerged in the early 1970's within the aerospace industry. It is based on the premise that greater success can be achieved at less cost by identifying, prioritising the risks and thereby minimising the potential for failure rather than focusing solely on success enhancement.
One of the founders of the technology states -
"There is no shortage of advice on how to succeed. Time after time success is expected and planned in great detail with great expense, but in spite of best efforts, loss of quality or failure often results."
PriorityPath® technology has been applied successfully within many disciplines and can be applied to any meaningful human endeavour. For example, security for the G8 conference held in Canada in 2002 was "fail-safed" using PriorityPath® resulting in one of the most successful G8 conferences for world leaders ever held. It was also used by the Province of Alberta as a foundation for their Strategic Plan for the next 10-15 years.
To find out more about Sage Analytics NZ Ltd and PriorityPath®, click here.
To find out more about Priority Systems®, click here.
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