It presents a methodology for storyboarding that can capture the very essence of Hayek’s inquiry into planning through six key elements. This paper examines Hayek’s discourse on the use of knowledge in society and explains how projects can benefit from it by the creation of a rational order through storyboarding. von Hayek, the renowned economist, contemplated on the fullest use of knowledge in the planning of economic activities in society and in 1945 published his paper on the subject titled “The Use of Knowledge in Society” 1 Hayek postulates that in the marketpalce, people, through the facitlities of communication available to them, come to the resolution of concerns with the formation of a rational order which ensures the best use of available knowledge. The problem is one of knowing what knowledge a team needs to plan a successful project and how to acquire it from the marketplace.į. The rigor, the discipline, the sharing of experience, and learning from mistakes should all lead to better planning and execution. In the Nuclear Power Industry regulations are delineated, the standards are explicit, the engineering processes are mature and tested, and organizations are trained to adhere to rules of engagement and the Industry mandates a culture of sharing historical experience to help avoid the pitfalls experienced by others.
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