Discovery Driven Planning is a business process tool that distinguishes between traditional business planning and the planning required for new business ventures. Whereas traditional planning processes focus on clear goals with specific projections, Discovery Driven Planning can be used for internal corporate ventures and start-ups where the future is highly uncertain and contains many assumptions.
What is Discovery Driven Planning, and what are best practices, tools and templates for teams and organizations?
Definition of Discovery Driven Planning
Description of Discovery Driven Planning
Discovery Driven Planning was originally introduced by Rita McGrath and Ian McMillan in Harvard Business Review. Since then, many teams, organizations, and consultants have adapted and developed tools and templates to support their business processes. Discovery Driven Planning contains five key components:
- Definition of success
- Market and competitive benchmarking
- Definition of operational requirements
- Documentation of assumptions
- Definition of key checkpoints
Tools & Templates
Specific tools and templates that are part of Discovery Driven Planning include the reverse income statement, pro forma operations specs, assumptions checklist, and milestone planning.
upBOARD's Online Discovery Driven Planning Tools & Templates
Unlike most traditional Discovery Driven Planning strategy techniques, upBOARD’s online Discovery Driven Planning collaboration tools allow any team or organization to instantly begin working with our web templates and input forms. Our digital platform goes far beyond other software tools by including progress dashboards, data integration from existing documents or other SaaS software, elegant intuitive designs, and full access on any desktop or mobile device.