Decision Analysis

1 day (workshop) / Implementation assistance available

Poor decisions can cost a company a fortune.  Therefore, learning a step-by-step method of decision analysis—choosing from amongst alternatives—is perhaps the most valuable tool an employee can have in their repertoire of business tools. What organizations want is a structured method for decision-making that guarantees a more sound thinking process and eliminates the guesswork from critical judgments.

Course Description:

This workshop teaches the participants how to predetermine criteria and numerically judge decisions based on facts, not guesses. During this class we will discuss the following:

• Defining the decision to be made and refining wording to ensure understanding.

• Develop key criteria for the decision: Desired results, resources and restrictions.

• Categorize criteria into must/want measures.

• Develop choices/alternatives to the decision including research and fact finding.

• Evaluate alternatives through use of Numerical and Matrix methods

• Scores and weighted scores

• Assessing Risk

Learning Objectives:

 Participants learn how to:

• Work more effectively within teams or individually, on problems, decisions and plans

• Resolve concerns based on facts (not guesses or assumptions) and clarify missing information.

• Implement solutions and improvements more effectively through better risk management.

• Communicate more clearly, utilize people and manage time more efficiently

Who should attend: 

Employees who are involved in decision-making processes.

Prerequisites: 

None