Costs and structural resources of the exercise

Online Foresight Guide

What determines the cost?

The cost of an exercise largely depends on the scope and approach, but is also affected by the methodological framework adopted.

Factors influencing the cost include:

Usually participants in the Foresight exercise, such as members of the steering committee, the panel and survey respondents are not paid. However, in some cases expenses such as the travel costs or accommodation are reimbursed. Also some exercises have decided to pay small allowances to participant groups who have taken on a substantial part of the workload, such as writing up panel reports. Usually some events are organised to make participating in the exercise more attractive (dinners, guided tours, attractive venues, well-known speakers). Although these measures can be a useful way of keeping up the momentum of the exercise, the main motivation for participating must arise out of an interest in the exercise, that is, a desire to take part in its decisions, help shape the visions, or to be involved in the networking and learning effects. If participants are not motivated, no financial incentives will make up for it. High-ranking stakeholders in particular will not be induced to give up their precious time unless they have a real interest in the exercise.

Calculating the cost

It will be necessary to calculate the cost in the early stages of the exercise. This will have to be done on the basis of the implementation plan. This plan will need to give clear details of the total duration of the activity, the ways and means by which it will be updated, and the relative financial requirements. It should also include the consequent hypothesis of identification of resources.

Structural resources

A Foresight exercise needs to build on a number of resources that cannot be assessed in terms of time and money such as:

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