K2V Ltd. Standard Plots (explanation)
PERCEPTUAL RANGE PLOT
The “Perceptual Range” plot is a standard outcome for the simulated data room experiment which plots geo-commercial versus geo-technical axes on a scale of optimism, class limited in to critical, cautious, neutral, opportunistic, bullish and reckless. The location of the bubbles is plotted by calculating the total score of geo-technical and geo-commercial aggregated from evidence-based metrics, with geo-technical increasing to the right and geo-commercial increasing upwards. The size of the bubble is determined by the total score, the colour by functional role and the colour of the “halo” by the respondent’s reflexive gut-feeling for the opportunity. The class limits have been defined empirically using the KRACQS™ metadatabase, where the mid or neutral score is termed "neutral" and varies from degrees of optimism (opportunistic, bullish or reckless) to degrees of skepticism (cautious or critical). The large white bubble in the centre is the aggregated average of the total evidence-based scores; the large black circle represents the aggregated average of the respondents’ gut-feelings. The offset of the black circle from the white bubble registers a vector between respondents’ reflexive gut-feeling on prospectivity as a whole, and their more evidence-based de-constructed predictions (click HERE to read more). In the case illustrated above, the total “expert” gut-feeling is fractionally less optimistic than the evidence suggests to them.
The top pie chart depicts the spread of optimism class limits in the sample population, the bottom pie the number of respondents by role. Inaccurate entries have missing scores; unrealistic entries are entries that conflict with reality.