Decision Making

The course begins with a definition of decision making and explores the impact of good and bad decisions. The course begins with a definition of decision making and explores the impact of good and bad decisions. The seven steps to successful decision making are described and the module explores several tools and techniques for decision making. These are: T-chart, decision tree and a decision matrix. Examples are provided of these different techniques. The course also describes three different types of decision: team, financial and formal and techniques to deal with these such as: multi-voting, cost-benefit analysis, Pareto analysis, SWOT and PEST analysis. Finally, the module concludes with the effects poor decisions can have on a project or business. Who should take this course? This module is aimed at project managers, leaders and professionals who will need to make business critical decisions as well as day-to-day choices as part of their role. By taking this course, learners can strengthen their decision making skills and understand the different techniques and methods for making effective decisions. What does this course cover? On completion of this course, learners will be able to: Understand the principles of effective decision making Understand the different decision making techniques