Foresight Impact Assessment Measuring Instrument

A key recurring challenge for Foresight initiatives – projects, programs, and pilots – has been how to actually demonstrate the value of foresight investments for government sponsors and stakeholders – who are mindful of accountability, are asked to justify the value of foresight investments for government mandates and are requested to provide cost-efficiency and cost-effectiveness analysis so that foresight can be compared with other prospective applications of limited government funds.
The methodology elaborated is a response to this challenge, prepared by Professor Jack E. Smith with input from senior international foresight leaders from the US, Europe (UK, FR, NL, FN) Australia and Asia ( TH, CH, KR, SP). The methodology draws upon discussion papers presented by the author and Professors Jon Calof and Ron Johnston.