S01 - COMBINE EXPERIENCE, INTUITION AND ANALYSIS

The field of decision analysis can help you transform your organisation’s problem solving capabilities. “Decision Analyst” is established as a desirable job title across industries and describes someone who is in a prime position to influence business decisions through their experience and abilities to prepare a clear and comprehensive decision basis. The field of decision analysis has a long history and the methodology is well founded within economic theory.

In this 2-day course you will learn the fundamentals of decision analysis. Participants will become enablers in the process of evaluating key aspects of a given decision situation to provide clarity and to aid decision makers in arriving at a set of recommended actions. The methodology presented provides a structured and consistent framework to model and analyse different problems with the goal of enhancing the quality of our decision-making and creating additional value through project optimisation. Examples are used to illustrate how high quality decisions derive from the right combination of thought, communication and computation.

DAY 1

Introduce the subject field that everybody may not know so well. Learn how simple techniques and tools can be used to get an overview of different decision-making situations. Calculate profitability for the available alternatives and ensure proper uncertainty management. We look at an example from private sector to learn how SWOT analyses can be utilised in the formulation of a corporate strategy.

DAY 2

Provide insight into how different analytical techniques can help optimize value creation in projects. By using an example from the agricultural sector, along with the theoretical framework, we show how strategic decision-making processes can be structured, how the revealing of early-stage information can contribute to optimisation, how uncertainties can be handled and how real options can increase profitability.

Attitudes

Background

ENROLMENT