Unique Blend of Actuarial Analysis and Consulting Skills To Solve Complex Issues

Project scoping includes the following key elements:

• Understand the problem

• Consult with stakeholders

• Design project plan

Understanding the problem

Our first step in an engagement is spending time understanding the problem. Quite often this requires us to design new lines of enquiry and data capture to properly understand the full scope. Our special skills are eliciting all the internal knowledge about a problem and then determining what else is required. We will also look at what qualitative data capture is required to add to your understanding of your organization and those that you service and you staff.

Validate the understanding and scope

To ensure we are focused on the right things, we take time to further validate the understanding of the problem. This step is vital as with all complex problems, there will be several considering factors which may dominate or override other key issues sitting within the problem. This step ensures we are focused on the right things to start providing solutions.

Download our Project Planning Tool to help you start planning your data-driven project.

Data collection may include:

• Collecting available organisation-level data

• Supplementing with additional data, e.g. public datasets, research

• Collecting new qualitative data e.g. focus groups, surveys.

• Collecting new quantitative data, e.g. new metrics

Collect all data required to properly analyse the scope of the problem

Once the problem is properly understood we move onto capturing or discovery any additional data required to help with a complete analysis of the problem. This will likely involve a return to the initial scope of the problem should anything arise that makes us question the original approach.

Read a recent example of how we combined existing and new data to solve a complex people-oriented problem.

Data analysis could include:

• Data validation

• Actuarial analysis

• Data analytics

• Model development

• Model validation and review

Identifying potential solutions

With the complete picture understood, we start the process of correlating and determining themes and key points of the problem. These allows us to then identify and explore potential solutions.

Crunching numbers for all solutions and making recommendations

Inevitably there will be multiple potential solutions. Each potential is modelled to understand outcomes, budget and any other impacts or considerations. The objective is to provide a data driven set of solutions for consideration by our client, complete with validation of the numbers.

Read a recent example of how we used data analysis to solve a complex people-oriented problem.

We present our results in way that is meaningful for you and your stakeholders. This could be in the format of:

• Independent findings

• Short-form and formal reports

• Infographics

• Presentations

• Expert witness reports

• and more…

Take a look at a sample infographic.

We like to check in after your project is delivered. This can include:

• Post-project follow up following completion

• Reviewing and updating assumptions

• Supporting knowledge and skills transfer to team

• Post-project coaching to support your team through implementation

We provide the right level of project support to you and your team. Depending on your preference, we can:

• Manage your project from start to finish

• Work collaboratively with your team towards an outcome

• Coach your team throughout execution your project