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Logical & Rational Method to Decision Making

Logical & Rational Method to Decision Making. Karen Broyles January 2016. Steps of Decision Analysis Process. State the Decision-What is the purpose of the decision or choice you are about to make? What do you want to achieve? What to you want to happen? What do you want to accomplish?.

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Logical & Rational Method to Decision Making

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  1. Logical & Rational Method to Decision Making Karen Broyles January 2016

  2. Steps of Decision Analysis Process State the Decision-What is the purpose of the decision or choice you are about to make? • What do you want to achieve? • What to you want to happen? • What do you want to accomplish?

  3. The Format of the Statement • Choice word • Result • 1 or 2 key modifiers My Statement was: Select a New 4-Door Car

  4. How you State the Choice Matters! Select a Mode of Transportation Select a Vehicle Select a New Vehicle Select a Car Select a New 4-Door Car Select a New 4-Door Toyota Car

  5. Determine the Objectives of your Decision or Choice What results do we want? What constraints do we have? What resources do we want to save? What is the metric we will use for the objective? How will you measure the objective? Note: An objective must have a measure or otherwise you cannot determine if the objective was met or not.

  6. My Objectives:

  7. Classify the Objectives Of the objectives that you want to achieve, which of the objectives are deal breakers if not met i.e. “Must” objectives If the objective is not a “Must” objective then it is a “Want” objective.

  8. My Classifications

  9. Weigh the “Wants” You must determine the relative weight of the remaining “Want” objectives to know what role the objective plays in the decision or choice to make.

  10. My Relative Weighting

  11. Brainstorm/List Alternatives for Choice or Decision List options that exists

  12. My Alternatives Buick Regal Toyota Camry Buick LaCrosse Lexus

  13. Score the alternatives Calculate how the alternatives measure and compare to each other. Select the top two to three alternatives

  14. Scoring of Options

  15. Determine & Assess Risks of Options Assess the probability of the risk occuring as well as the impact the risk will have if it does occur. Risks can be viewed as objectives that you don’t have measures for or can’t know the measure prior to making the decision or choice.

  16. Assess Risk

  17. Make the Decision or Choice Choose the best choice one that you can live with the risks on.

  18. Karen Broyles, MBA, CPIM, CSCP Lean Leader, Continuous Improvement bioMerieux, Inc.|St. Louis 595 Anglum Road Hazelwood, MO 63042 Tel: 314-731-8662 (Office)|314-281-0887 (Mobile) Email: karen.broyles@biomerieux.com

  19. Link to webinar recording: http://apics.adobeconnect.com/p6coujnifbv/

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