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DECISION MAKING TOOLS AND TECHNIQUES

Better Decisions

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HOW TO MAKE BETTER DECISIONS

The techniques in this section help you to make the best decisions possible with the information you have available. With these tools you will be able to map out the likely consequences of decisions, work out the importance of individual factors and choose the best course of action to take.

The section starts with some simple techniques which help you to make decisions where many factors a re claiming your attention. It then moves on to a number of more powerful techniques such as use of Decision Trees, 6 Thinking Hats and Cost/Benefit Analysis which are routinely used in commercial Decision Making.

As with the articles on problem solving, Decision Making is a complex and well-developed area - we can only go 'so far' in these articles, introducing you to relatively simple techniques. The books on the right hand side bar will help you to take your skills much further. Alternatively, Decision Making skills are core components of most good MBA courses - some of the resources on the left will introduce you to these.

Introduction
Pareto Analysis - Choosing What to Change

Paired Comparison Analysis- Working Out the Relative Importance of Different Options

Grid Analysis - Making a Choice Taking Into Account Many Factors
Decision Trees - Choosing by Valuing Different Options
PMI - Weighing the Pros and Cons of a Decision
Force Feild Analysis- Analyzing the Pressures For and Against Change
Six Thinking Hats- Looking at a Decision From Different Perspectives
Cost/Benefit Analysis - Seeing Whether a Decision Makes Financial Sense

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If You want to know more about BETTER DECISIONS, just click the link below.

The Key To Better Decisions

Tools For Better Decision Making

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