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Key Observations: The chance of a negative value is substantially reduced - to less than 10% Also, the dynamic pilot substantially reduced the risk of making the wrong decision. . The extended piloting greatly increases the possibility of certifying reserves and capturing a share of the gas market by demonstrating commercial production rates. Speaker’s Notes: We need to filter out the unimportant important so that we can reach the right decision without wasting time on unimportant details. I often hold my fingers up in front of my eyes, moving them closer and farther from my face, and demonstrate selecting various frames for photos of the class. What frame would we choose to show a large group learning? Or a participant playing Solitaire or Mine Sweeper on her computer? ? Note—a portrait camera usually has the image upside down. But when we inverted the image, we had many complaints from participants. So we made it right side up, and now claim that this is a digital camera. ? Speaker’s Notes: The beautiful mountain scene on the left is probably the Blue River, just south of Breckenridge, Colorado. On the right we zoom in on the river, where we see a weekend boater, enjoying the scenery and fresh air. The center frame finally sets the appropriate frame, the one that identifies the most important issue—the immediate threat of the waterfall. ? A frame that is too wide can be overwhelming, and decision makers may overlook the key decisions that must be made. ? A frame that is too narrow leaves decision makers blind to the real issues they must confront—the unforeseen threats and missed opportunities. This is sometimes referred to as “errors of the third kind. Right answer; wrong question.” ? Speaker’s Notes Other words you can use: Purpose—What decisions do we intend to make? Perspective—How do we view these decisions? Example: A large company was out of capacity in two of its plants. Many saw this as a time to add more capacity. But a little a
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