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AskFred™ – A VIRTUAL PBM COACH

 
 

Meet AskFred™

AskFred is a virtual coach designed to help you improve your understanding and application of Principle Based Management (PBM).

 
 

AskFred is only available to Koch employees with KochID.

 
 

How Do You Use AskFred?

 

 

AskFred is equipped with knowledge of PBM. It answers questions, provides guidance and examples for how to apply PBM in your work, recommends (links to) additional PBM resources and encourages you to practice conversations using role play.

Talk to AskFred as if you are talking to a PBM coach. This is different from using a web browser to search for things. It is interactive and conversational. 

 
 

Some Prompt Ideas To Get You Started

Below are some examples of how you can start a conversation with AskFred. 

 
 
 

Decision Making Prompts

AskFred helps you apply the Decision Making Framework (DMF) and sound economic thinking for better decisions. Simply copy a prompt and paste it into AskFred.

 

Review the opportunity and drafted objective below. What assumptions are being made, and what potential blind spots do you notice? Suggest at least one way this objective could be improved and explain your reasoning. 

Opportunity: [insert your opportunity] 

Objective: [insert your objective]

For the opportunity and objective listed below, suggest information that could help me make an effective decision. Include suggestions for how I could seek the best knowledge. Put the output in a table format.

Opportunity: [insert your opportunity]

Objective: [insert your objective]

Using the Decision Making Framework, help me brainstorm a range of alternatives for the following opportunity and objective. Include five low-cost alternatives, five conventional alternatives, and five unconventional/unexpected alternatives that really push the boundaries.  

Opportunity: [insert your opportunity]  

Objective: [insert your objective]

Use the Decision Making Framework to help me analyze the following alternatives in relation to the stated objective. What questions should I ask?  What are some examples of tradeoffs and risks I could consider? 

Objective: [insert your objective]

Alternatives: [insert your alternatives]

For the objective and alternatives listed below, assess each of the potential alternatives in a table format. Include pros, cons, resources needed, and an explanation of the opportunity cost.

Objective: [insert your objective]

Alternatives: [insert your alternatives]

For the objective and alternative below, list a range of possible outcomes in a table. For each outcome, give me practical ideas for proactively estimating the probability and value of each outcome. Then, suggest ways to increase the risk-adjusted value.

Objective: [insert your objective]

Alternative: [insert your alternative]

Instruction: Prepare information about the current state and objective.

  • Current State: (Briefly describe the existing process/offerings/output, note the key resources used, and note gaps or missed opportunities relative to the objective) 

  • Objective: (State the desired outcome and the benefits of achieving the desired outcome)

Instruction: Use the following prompts one at a time and include the current state and objective with each prompt.  Adjust the current state and the objective with additional details/learnings as you go.

  • “Suggest 5 ways to optimize the base case with low-cost incremental improvements, and explain why each is a low-cost incremental improvement that gets us closer to the objective.” 

  • “Suggest 5 alternatives that could add marginal value after optimizing the base case, and explain why for each.”

  • “Suggest 5 specific measures I could use to track the impact of each change, and for each measure, explain how I might estimate the marginal value created by a specific improvement or alternative.”

Brainstorm measures that would help me understand if the following objective is being achieved. Put the output in a table format. 

Objective: [insert your objective]

Create a table evaluating how each section of the Decision Making Framework is applied in the attached document. For each section, include positive aspects, areas for improvement, and questions to further enhance the analysis.

 

Frequently Asked Questions