To predict risk in its global supply chain , a US auto manufacturer abandoned its use of the traffic light metaphor (i.e., red, yellow, green) to report status across all projects and began using prediction markets. This made the process much more. The process involved the people on the ground in the reporting chain and helped eliminate information spin transparent and dealt more effectively with the problem of "information spin" as status reports worked their way up the corporate hierarchy, and...
BPIR Categories2.5.4 Identify and manage risks
10.2.4 Use analytical techniques on data
2.2.4 Formulate and review business unit strategy