Jun 30, 2024 1:32 PM
Replying to Keith Novak
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Deepa,
I look at the triple constraints as essentially the business equivalent of Newton's laws of motion. There is only so much work that can be performed with a given amount of energy so how that energy is applied are the trade-offs in planning and execution.
The definition of value itself is the most important qualities of the intended outcome. In engineering, those are sometimes called the "illities" like profitability, sustainability, produceability, etc. When applying systems thinking pick perhaps 4 of the most important characteristics of your end state. Then whether it is a product or business outcome, you can compare your solution options based on whether they make each of those characteristics better or worse.
That's fundamentally how genetic algorithms work. Some thing, whether that is a molecule or a business organization can be modeled as a set of characteristics. Changing each gene will make the solution better or worse based on your desired qualities. If the change is better, than keep it and if not discard it. The algorithms then try to find the best fit through a process of optimizing the genomes to produce the solution with the highest total score based on your qualities representing value.
Keith
