Patent ID: 8620700
Filing Date: 2013-12-31
Classification: G06Q

Abstract:
1. A business method for defining, controlling and optimizing a flow of value down a workflow pipeline using a computer system, comprising: creating by a processor a phase-gate workflow pipeline via a component of at least one project in which completion of one or more predetermined activities of each project advances the project to a succeeding phase in the pipeline; mapping by the processor each of the one or more activities of each project in the pipeline using a mapping component to a value metric that is a function of a risk discount factor using an option value technique, wherein the value metric of each project is dynamically updated while project activities are being performed by updating the corresponding risk discount factor and/or the probability of exiting its current phase gate; and implementing by the processor an analysis component that analyzes the flow of value down the pipeline and managing the at least one project based on analysis of the flow of value, wherein said analysis includes executing, by the processor, the steps of: