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In 2010, the George Boole Foundation, a centre of excellence in digital logic, decision analysis and applied digital technology, launched the Decision Analysis Initiative (DAI 2010-2015) in 2010 as a platform for gathering information and knowledge on Decision Analysis to be applied to investment and project design. An important source of information was the SEEL (Systems Engineering Economics Lab) Library which has purchased all of the Decision Analysis output of the Stanford Research Institute in 1985.

The DAI was a successful activity in delivering a range of practical proposals. See DAI Interim Report. As a result the George Boole Foundation decided to make the Open Quality Standards Initiative part of the second phase of the Decision Analysis initiative (DAI) for 2015-2020 with the mission of identifying appropriate due diligence procedures to emphasise improved design procedures by:
  • providing a procedures that ensures all critical factors are taken into account
  • to emphasize technical standards of quantitative input and output relationships based on benchmarks and other objective evidence
These fundamental inputs provide an essential support for project level cycle management as well as overall administration of project portfolios with effective project level oversight. The essential value added by this procedural improvement is that project evaluation in terms of technical and economic viability and assessmen tof risk becomes more objective.

In 2017, the OQSI completed the initial set of procedures as a recommendation OQSI-1 (2017). This is designed to ensure that all relevant factors are taken into account in terms of analyses related to:
  • gaps & needs
  • stakeholder identification and dimensioning
  • locational constraints
  • administrative procedural constraints
  • state of the art technologies, techniques and benchmarks
  • available financial resources
  • identification of feasible project priorities
  • identification of appropriate tasks
  • specification of project intermediate and final outputs and inputs
  • value chain analysis

1 McNeill, H.W., & Belko, F., "Towards more effective Project Management", DAI, GBF, London, 2011, ISBN: 978-0-907833-02-4