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As part of our consulting service, and to showcase our quality as a firm, we offer two proprietary frameworks (amongst our use of others) inspired by our education (especially the CFA curriculum) and experience. The first of which is PRACTO— designed for general project management.

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Purpose 

The overarching intention— what success looks like. Everything starts with a clear, defined purpose. This is the core intent or objective behind the initiative. It aligns stakeholders, clarifies priorities, and anchors decision-making. With direction, comes clarity. Why are we conducting this project? How will we measure the progress towards our goal(s)? Define the organization’s core mission and intended impact; Align goals across strategic, operational, and human levels; Distinguish between strategic (long-term trajectory) and tactical adjustments (short-term adaptations)

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Risks 

Identifying and assessing risks early helps avoid surprises and builds resilience. Risks may be technical, operational, market-based, or related to people, timing, or resources. Consider both likelihood and severity, and evaluate mitigation strategies. What could derail progress? What are the uncertainties? Are any assumptions likely to break down? How can we measure, track, and prepare for those risks? This often requires scenario analysis. 

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Actions 

This is the execution engine of the framework. Actions are the specific steps required to move from intention to reality. This component breaks down tasks into clear deliverables and assigns ownership. What are the concrete steps, behaviors, or decisions needed? Who is responsible, and what support is needed?

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Constraints 

Constraints are the internal and external boundaries we must operate within — such as budget, staffing, tools, legal limitations, or time. Acknowledging these upfront allows for better planning and creative problem-solving. What limitations (budget, time, personnel, operational) need to be addressed? Are there any regulatory restrictions to consider? Are any of these self-imposed or avoidable? 

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Timeline

A clear timeline defines the pace and sequencing of the project or initiative. It includes deadlines, review points, and key phases. Effective timelines balance urgency and realism. What’s the schedule for action, delivery, and review? What specific milestones should be achieved and when? 

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Outcomes 

Outcomes are the measurable results or impacts you expect to see if the project succeeds. They can be qualitative or quantitative, internal or external. At the initiation stage, these outcomes will be projected to facilitate decision making (pursuing one project has the opportunity cost of not pursuing another). What results are expected and how will they be assessed? Do the outcomes have associated probabilities? How can the outcomes be monitored? Is a change of pace necessary to get the project back on track or to prepare for new outcomes?