No business ever learns what it is actually good at investing in

Module · Capital and Investment

Every investment is approved on a promise and almost none is checked against it, so the same optimism is priced into the next paper and the organisation never discovers what it is good at.

Prophesee Corporate keeps the case live, predicts what this business will actually deliver rather than what the paper claims, and turns a history of decisions into an advantage in the next one.

Scenario and counterfactualDriver forecastingAllocation and unit economicsEvidence and lineageVariance attribution
The shift

Half of large projects land on budget. One in two hundred lands on everything.

Across the largest database of major projects assembled, just under half come in on budget or better, and only half a percent come in on budget, on time and with the benefits that were promised. The approval process is rigorous. What is missing is the loop back, so the same optimism is priced into the next paper.

0.5%
Of large projects come in on budget, on time and with the benefits that were promised, across a database of more than sixteen thousand
48%
Come in on budget or better. So roughly half the money lands where the paper said it would, and almost none of the benefit does
None
There is no credible sampled study of how many companies formally check delivered return against the approved business case. The practice is rare enough that nobody has counted it

Sources: Bent Flyvbjerg and Dan Gardner, How Big Things Get Done, 2023, drawing on a database of more than 16,000 large projects, building on Flyvbjerg, What You Should Know About Megaprojects and Why, Project Management Journal, 2014 · Project Management Institute, Pulse of the Profession 2025, published 2025 (n=2,841 project professionals worldwide, fieldwork Jul to Sep 2024) · 3RDi review of published capital budgeting and post-investment review research, Aug 2026, which found no sampled study of post-investment review frequency.

A new approach

From approving the case to keeping it alive

foresight iconForesight
Today · The business case

Every case is built once, by the team that wants the money, on assumptions nobody scores afterwards. The optimism is invisible because it has never been measured.

Predict the delivered return

Models trained on every investment this organisation has completed, capital, technology, acquisition or programme, predict what an approval will actually deliver given its type, sponsor, size and assumptions, with a confidence band. The paper is judged against what this business has achieved, not against what it hopes.

pulse iconPulse
Today · The stage gate

A project is reviewed at the gates. Between them the assumptions that justified it can move a long way without anyone being told.

Business case drift detection

The assumptions in the approved case become watched objects: volume, price, timing, adoption, unit cost. When an assumption moves outside the range the case depended on, the alert is raised against the case rather than against the project plan, and it is routed to the sponsor.

horizon iconHorizon
Today · The capital paper

Projects are ranked by a return each sponsor calculated for themselves. There is no view of the portfolio, and no no-action baseline to compare any of them against.

Test the portfolio, not the project

Model the portfolio under constraint: capital available, delivery capacity, sequencing, risk appetite. Watch the projected return update as investments are added and removed, then track actuals against the funded curve with counterfactual modelling separating the investment from the market.

nexus iconNexus
Today · The approval pack

Cases live as documents in a folder. Nobody can query what was promised, who approved it, on what assumption, or how similar cases turned out.

The memory of what you funded

Business cases, approval minutes, contracts and actuals resolved into one graph, with assumptions extracted from the documents by language models. Ask what was promised, what was delivered and what the difference was, for any investment or any sponsor.

From challenge to decision

Turning capital challenges into decisions

Problem: Scenario and counterfactual
What produces it today: The capital paper

Projects ranked by returns each sponsor calculated for themselves, with no portfolio view and no no-action baseline.

Engine: horizon icon Horizon
The applications that replace it: Portfolio What-IfBusiness Case Tracker
Problem: Driver forecasting
What produces it today: The business case

Built once by the team that wants the money, on assumptions nobody ever scores against outcome.

Engine: foresight icon Foresight
The applications that replace it: Delivered Return ForecastOptimism Score
Problem: Allocation and unit economics
What produces it today: The capital budget

Capital is allocated by division because that is how the budget is structured, not by where the next pound earns most.

Engine: foresight icon Foresight
The applications that replace it: Marginal Return MapCapital Employed View
Problem: Evidence and lineage
What produces it today: The approval pack

Cases live as documents in a folder. Nobody can query what was promised, by whom, on what assumption.

Engine: nexus icon Nexus
The applications that replace it: Investment MemoryPromise Versus Outcome
Problem: Variance attribution
What produces it today: The post completion review

Held rarely, and when it is held the shortfall is attributed to the market, because nothing can separate the two.

Engine: foresight icon Foresighthorizon icon Horizon
The applications that replace it: Benefit AttributionAssumption Autopsy
What becomes possible

13 AI applications that could be relevant

A sample of what becomes possible on the decision layer, not a fixed list: each application draws on the same data foundation and audit trail, and new ones are configured on the engines, not built from scratch.

Foresight
Delivered Return Forecast

The return this organisation will actually achieve, predicted from its own completed investments.

Foresight
Optimism Score

How far a case sits from what this business has actually delivered on investments like it.

Foresight
Marginal Return Map

Where the next unit of capital earns most, by asset, division and initiative.

Foresight
Benefit Attribution

The counterfactual separating what the investment delivered from what would have happened anyway.

Foresight
Capital Employed View

Return on capital employed at the level decisions are actually made.

Pulse
Assumption Drift Watch

The assumptions the case depended on, watched, with the alert raised against the case.

Pulse
Spend to Plan Rules

Capital drawn against capital approved, tested continuously by project and sponsor.

Horizon
Portfolio What-If

Model the portfolio under capital, capacity and sequencing constraints and watch the return update.

Horizon
Business Case Tracker

The approved case tracked against actuals all the way to the delivered return.

Horizon
Sequencing Model

Test the order in which investments are started, not just which ones are chosen.

Nexus
Investment Memory

Every case, assumption, approver and outcome, queryable in plain language.

Nexus
Promise Versus Outcome

What was promised against what arrived, for any investment or any sponsor.

Nexus
Assumption Autopsy

Which assumption broke, by how much, and whether it breaks in every case of this type.

How work changes

A day when the committee knows what it delivered

Today: A business case built by the team that wants the money, scored by nobody afterwards.

With Prophesee:
09:00foresight icon Foresight
What this business actually delivers

The case in front of her compared with what comparable investments here have returned, with the gap named.

Today: An assumption that moved in month four, discussed at the gate in month nine.

With Prophesee:
11:40pulse icon Pulse
An assumption that has moved

Adoption is running below the range the case depended on. The alert is raised against the case, not the project plan, and routed to the sponsor.

Today: Rank the projects by returns each sponsor calculated for themselves.

With Prophesee:
14:20horizon icon Horizon
Test the portfolio, not the project

Two investments swapped under the same capital and delivery constraint. The projected return moves. So does the risk.

Today: The programme finished. Whether the benefit arrived is a matter of opinion.

With Prophesee:
16:50horizon icon Horizon
Proof, not opinion

Last year's programme tracked to delivered return, with the counterfactual separating it from the market. That goes to the board.

Tomorrow's return becomes today's decision.

Fund what actually works

We agree the metric and the baseline in week one, and measure the result on your data.