Introduction
1. Introduction
Greetings and welcome to Decoding Decision Modeling! I'm Tiago Brasil, your guide on this exciting journey through the world of Decision Models.2. Decisions matter
Decisions are an essential part of human existence, influencing every aspect of our lives. From daily routines to life-changing moments, we are constantly making choices that shape our paths. Did you know that an average adult makes between 20 and 35 thousand conscious decisions each day? Yes. That`s a lot! Next, let's see the main factors that composes a decision.3. Decision factors
Every Decision can be broken down into factors. These are: Objectives; The purpose or goal of the decision.4. Decision factors
Information and data, corresponding to facts, figures, and insights relevant to the decision.5. Decision factors
Alternatives, indicating the options or courses of action available for consideration.6. Decision factors
Constraints, the limitations or restrictions that may impact the decision.7. Decision factors
And lastly, Risks and uncertainties, representing the potential challenges or negative outcomes of the decision.8. Decision-making steps
Now, let`s take a look at the decision-making process and learn the steps necessary to explore these factors while making a decision.9. Decision-making steps
The first task is identifying the decision problem. What is it that you need to decide? Having clarity over this, is the initial step to make a good decision.10. Decision-making steps
Next, you need to gather information about your decision problem. Historical Data, trends, reviews, reports; any relevant information to make the decision should be gathered and analyzed in this step.11. Decision-making steps
With information in hands, it`s now time to generate the options to your decision problem. This is when all of the alternatives are raised. Brainstorm sessions are a great way to produce these.12. Decision-making steps
Each alternative, need to be carefully evaluated. This step is crucial to make a good decision. The information gathered in step 2 is a very useful input in this evaluation process.13. Decision-making steps
Once your alternatives were analyzed, you can select the one with the highest evaluation and disregard the other options listed in step 3. That means, "making a decision".14. Decision-making steps
Now that you have decided on one alternative for your decision problem, it`s hands-on time! Meaning, it`s time to make it happen and implement your decision in real life.15. Decision-making steps
Once you implement your decision. Make sure to establish a routine to monitor and evaluate it constantly. Check if your decision problem was truly solved.16. Decision-making steps
In case your decision problem is still not fully solved, evaluate the reasons for that and keep making adjustments for continuous improvement.17. Decision Models
Finally, let`s talk about how Decision Models can support the decision-making process. To start, Decision Models formalizes the decision-making process making it more transparent and reliable.18. Decision Models
The graphical elements facilitate the visualization of all the decision factors involved in the decision.19. Decision Models
This holistic view enable us to see things under various perspectives, allowing us to make comprehensive decisions.20. Decision Models
Lastly, Decision Models offer us a systematic approach to optimize the desired outcomes of a decision. In this course, we'll dive deep into Decision Models, applying this method to navigate the complexities of decision-making.21. Let's practice!
Enough talking! It`s time to practice!Create Your Free Account
or
By continuing, you accept our Terms of Use, our Privacy Policy and that your data is stored in the USA.