The Allovance Method™
Our proprietary five-step method that's been helping organizations over the last 20 years.
The Allovance Method™ is a 5-step decision-making and strategic prioritization approach that allows organizations to quantify their strategic priorities and align their work with those priorities. The method was developed by Sherif Farghal (founder and CEO of Allovance) while conducting his PhD research at the University of Michigan in 1996. The method immediately began gaining traction. Why? Well, this methodology was so unique, so relevant and so accurate that Fortune 500 companies began seeking consultation with him to better align their projects with their strategic priorities.
The method incorporates science into the art of decision making. It uses the scientifically proven Pairwise Comparison method to obtain relative weights among strategic priorities. It incorporates the utility theory to quantify strategic objectives. It also uses goal-programming to automatically select the portfolio of projects/alternatives that is most aligned with organizational goals.
The alternatives that are being prioritized depend on the type of decision being made. For a capital allocation decision, the alternatives are projects that the organization wants to prioritize. However for Time and Resource Allocation decisions, the alternatives may be different initiatives or resources that the organization wants to prioritize.
Strategic Team: The leadership team that is responsible for the decision that is being made.
Experts: Individuals that are considered subject matter experts in the strategic objective.
Project Owners: Individuals responsible for submitting proposed projects or alternatives into the system.
Project Review Team: Reviews project/alternative submittals to ensure accuracy and objectivity.
Observers: Individuals with view-only access to the decision model.