Analysing and managing complex systems
What is DACORD?
DACORD is a unique decision-support system which has been designed to meet the need for analysing and managing complex systems. The challenge is to manage uncertainty against business capability over time - in complex and constantly changing environments. DACORD gives management a powerful tool to easily understand, resolve and balance the interactions between all the elements of systems.
How DACORD Works - Overview
DACORD uses advanced software technology to capture holistic and easily understood system perspectives. These models are unique in their approach and completely realistic and capture the behaviour of assets, people and processes in a dynamic and interactive representation of the business. Models that are data driven can be interpreted quickly then enhanced and extended in stages. Individual stakeholders can contribute their understanding of the business to their part of the model. A management team can work through a variety of insights and scenarios and evaluate strategic options and policy innovations. Scenarios can be stored with KPI information to act as future early warning indicators of desirable, or undesirable, behaviours.
DACORD offers unique benefits to management teams. Unlike two-dimensional spreadsheets, process diagrams, and other supposedly more advanced tools, DACORD can handle the complex and dynamic interactions between all of the elements of systems.
- Manage complexity
In-depth analysis of the balance of resources required to deliver an effective and profitable service.
Identification of policy innovations and the effective use of assets and resources.
Capture corporate working knowledge and share assumptions across your management team.
Support management decision-making with a powerful tool they can use without specialist technical support.
- Manage multiple levels of Key Performance Indicators
Analyse and assess the trade-off between risk and profit.
Evaluate investment and strategic planning decisions in rapidly changing environments.
- Manage risk
Identify sources of risks over the life-time of a system and achieve the right commercial balance of capability and profitability.
Develop strategic risk management policies and decisions.
DACORD is a registered trademark.