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Review of General Psychology Pragmatic Prospection: How and Why People Think About the Future Roy F. Paymaster, Kathleen D. Vows, and Gabriele Göttingen Online First Publication, January 18, 2016.
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Pragmatic prospection is the process of evaluating the potential risks and rewards of a particular course of action.
Any individual or organization that is considering a major decision or project may be required to file a pragmatic prospection report.
To fill out a pragmatic prospection report, one must thoroughly research and analyze the potential outcomes of the decision or project.
The purpose of pragmatic prospection is to help stakeholders make informed decisions by providing a comprehensive assessment of the risks and rewards involved.
Information such as potential risks, financial implications, market analysis, and alternative options must be reported on a pragmatic prospection document.
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