DICE Project Assessment Method

DICE is a change project assessment tool developed by the Boston Consulting Group.  It is a standardised way of assessing the likelihood of a project succeeding.

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With something like ⅔rd of projects failing to meet their objectives, many organisations and PMOs often seek objective tools to help understand the likelihood of their projects meeting their objectives.  With this in mind and recognising the proven factors in project failure, BCG had the idea of “minimising that risk of failure, powerfully flipping the odds in favour of success”.

BCG’s experts have determined that the outcome of change initiatives is driven by four elements:

  1. the (D)uration of the project;
  2. the performance (I)ntegrity of the team;
  3. the organizational (C)ommitment to change; and
  4. the additional (E)ffort required of staff members.

Assessing projects against these four elements, which they call DICE®, can greatly help achieve successful change from initial idea to benefits realisation.

Their methodology for scoring and statistically analysing the dynamics of DICE®, thereby allows objective assessment of the likely outcome of transformation.

Using the tool on BCGs website allows rapid visual assessment looking like this:

 

Dice Example