LL01 - THE FRAMEWORK

This lunch-and-learn provides a fun and thought-provoking introduction to decision and risk analysis. Learn how to combine intuition, experience and analysis to evaluate key aspects of a given decision situation. The methodology presented provides a structured and consistent framework to model and analyse different problems with the goal of enhancing our decision making ability. Examples are used to illustrate how high quality decisions derive from the right combination of thought, communication and computation.

On request
90 min
Lecture, case examples and questions

Concepts

From intuition to analysis and insight, issue raising and problem structuring, formulation of strategies, probabilities and information gathering, subjective judgements and reliability, biases and heuristics, high-quality decisions and danger signals.

Purpose and goal

Learn when and why analysis is required, how the decision analysis framework and methodology can be applied to different decision situations and how a structured and practical approach ensure an effective and insightful decision-making process.

Target group

This lunch&learn is targeting professionals that need an introduction to how the decision analysis framework can be used to analyse different decision situations, or departments and project teams that needs to raise awareness about decision analysis within their part of the organisation.

Background

No special background is required, but some basic knowledge about economics, experience from strategy processes or project work is recommended.

Schedule

Get in touch to inquire about this lunch&learn session and to discuss specific needs.

Payment

Lunch&learns are NOK 6.000 per session.
Any required travel costs are in addition.

INSTRUCTORS

FAQs

Q:  We have limited knowledge about decision analysis. How can we benefit from a focus session or lunch&learns?

The idea behind these sessions is to make management and staff aware of the concepts of decision analysis and get an understanding of the benefits of applying a structured approach to decision-making. We structure the sessions to give direct benefits independent of previous knowledge levels and do our best to inspire the participants for continued learning.

Q:  We don’t know whether or not we have adequate decision processes or how we measure the quality of our decision analysis. How can we quickly get an indication of the quality of our decision-making capabilities?

We have designed a simple survey to help you assess the quality of your organisation’s current decision analysis capabilities. Take the survey and your results will give a good indication.

Q:  We evaluate a number of investment proposals per year, but each investment is small compared to the energy sector. Will the decision analysis framework and techniques that you teach be overkill in our case?

The size of the investment and its significance will vary between industries and from organisation to organisation. Good decision analysis will help you prioritise between your investment opportunities, as all decision proposals are prepared in a consistent manner. If any of your investment opportunities have potential to make or break the company, decision analysis will be important for your sustained success. 

Q:  We are looking into the possibility of running a training program within our organisation, with a series of sessions catered to specific roles. Can this be arranged?

Yes, a significant portion of our teaching is done in-house and in close cooperation with the client. Please get in touch to discuss your requirements and needs.

Q:  In a small company like ours, the board of directors is involved in all strategic decision-making. Are the focus sessions and the lunch&learns also suitable for board members ?

Our sessions can be tailored to the specific levels and depth of knowledge needed by the boards, management or technical disciplines. A separate session for the board is definitively relevant! 

Q:  We are a lean organisation and do not have dedicated analysts to perform evaluations and prepare decision proposals. How can we improve the quality of our decision analysis capabilities without employing more qualified personnel?

The techniques we teach are practical and easy to adopt and will enable the project teams to work more effectively towards a proper decision basis.

 

MORE INSPIRATION

Focus sessions and lunch&learns


T01 – Tailored focus session

T01 – Tailored focus session

10. February 2016

3-hour focus session: A typical session is divided in three parts. First, a brief introduction to how decision analysis can be used to facilitate strategic decision-making. Second, the client’s specific decision problem: An overview of the problem situation, decision criteria, important issues, strategic decisions, uncertainties and risks, strategy alternatives, problem structure, cash flow model and decision proposal requirements. Last, the cost-benefit of the suggested approach and possible ways forward. … Read More

LL01 – The framework

LL01 – The framework

13. September 2016

90-min lunch&learn: A fun and thought-provoking introduction to decision and risk analysis. Learn how to combine intuition, experience and analysis to evaluate key aspects of a given decision situation. The methodology presented provides a structured and consistent framework to model and analyse different problems with the goal of enhancing our decision making ability. Examples are used to illustrate how high quality decisions derive from the right combination of thought, communication and computation. … Read More

LL02 – Methodology A-Z

LL02 – Methodology A-Z

13. September 2016

90-min lunch&learns: Methodology sessions that provide a basic introduction to the most important decision analysis concepts and techniques. Increase the likelihood of capturing what is important early on, align team members and maximise value creation. Examples are used to illustrate how the different concepts and techniques are applied through a structured process that provides insight and drives the project forward. … Read More