US Patent:
20070143160, Jun 21, 2007
Inventors:
Charles Duke - Webster NY, US
John Knapp - Fairport NY, US
Alfons Gosiewski - Penfield NY, US
International Classification:
G06F 17/50
Abstract:
A business method for defining, controlling, and optimizing a flow of value down a workflow pipeline includes creating a phase-gate workflow pipeline for one or more projects in which completion of one or more predetermined activities of each project advances the project to a succeeding phase in the pipeline. Each of the activities for each project in the pipeline is mapped to a value metric that is a function of a risk discount factor using an option valuation technique. The projects and/or portfolio of projects are then analyzed to determine the flow of value down the pipeline and managed based on analysis of this flow of value.