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This page describes a concept which is part of our glossary
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What is Potential Management?
Potential Management is an activity we will support with the Platform software we are developing. The function of Potential Management is to allow a number of people who share a system such as the Platform, to collectively view and manage their shared potential. We consider this a prime example of how the principle "Think Global, Act Local" is implemented in practice.
More specifically, Potential Management requires a critical mass of people running projects, performing work, managing resources and filling roles within a shared system, whithin which things like tasks, projects and roles are clearly defined and consistently implemented. Further, such a system also needs to allow all members access to comprehensive, real-time, system-wide reports and statistics. Such aggregate reports can be made available without violating the privacy of the individual users and groups within the system.
Two aspects of Potential Management
There are two main entry points into Potential Management. The first is to define an outcome and elicit what would be required to achieve that outcome. Any complex project with numerous contributors is suitable, examples would be the construction of a building, the installation of some infrastructure or the emergency response to a natural disaster. Once the outcome is clearly defined, the requirements can then be published to the other users of the system and filled by anyone wishing to contribute and qualified to do so, as defined by the specified outcome sought. Contributions would take place through individuals or groups committing required resources, time or capital. One particular approach to PM may be that projects don't go ahead until a high percentage of requirements have been committed to, at which threshold these commitments are then called in; work is done, payments are made and resources are delivered as specified. This approach has been applied in crowd funding, where people can solicit donations to projects, but supporters' commitments to pay are held in escrow by a third party until the funding target is reached. The crowd funding site Kickstarterrefers to this as "All-or-nothing" funding.
- The second entry point is to look at the existing resources, capital and skill-set and model alternative applications of what already exists or to project current trends into the future and model alternative scenarios.
- Buckminster Fuller's World Game
- Crowdfunding a great step toward PM, but also add in roles, tasks, organisations as well as money
Intra-organisational Potential Management
- Practical application: Financial report
- If $100k invested, how would that be applied?
- Based on existing budgets and priorities
