|
Our Processes
Decision Analysis
The Quest for the Best Choice – Decision Analysis
Decision Analysis is used for making
a choice. When the path ahead is not clear, when there are too
many choices, or the risk of making the wrong choice great, Decision
Analysis clarifies the purpose and balances risks and benefits
to arrive at a solid and supported choice.
This step-by-step process marries logic, expertise, creativity,
and factual information to reveal choices that have the right balance
of acceptable risk and reward. By clarifying the thinking behind
the decision, highly complex, controversial, or emotionally charged
decisions can be made faster and with greater confidence.
Decision Analysis improves:
- Personnel selection
- Procurement and make vs. buy
- Product and project portfolio management
- Selecting a fix
- Site selection
- Product design
- Budgeting and capital investment
- Process redesign
|