Decision Making vs Procrastination 10

Decision Making Techniques

decisions

The following techniques help in making the best decisions possible with the information available. Likely consequences of decisions can be mapped out, the importance of individual factors can be identified, and the best courses of action can be chosen.

Tool

Purpose

Pareto Analysis Choosing what to change
Paired Comparison Analysis Working out the relative importance of different options
Grid Analysis Making a choice taking into account many factors
PMI Weighing the pros and cons of a decision
Force Field Analysis Analyzing the pressures for and against change
Six Thinking Hats Looking at a decision from different perspectives
Starbursting Understanding options better by brainstorming questions
Stepladder Technique Making better group decisions
Cost / Benefit Analysis Seeing whether a decision makes financial sense
Cash Flow Forecasting with Spreadsheets Analyzing whether an idea is financially viable
Decision Trees Choosing by valuing different options

Other tools include:

  • Goal Setting
  • Effective Scheduling
  • Gantt Charts
  • Critical Path Analysis and PERT Charts
  • Estimating Time Accurately
  • Risk Impact / Probability Chart

1 Comment

  1. 111ppp's avatar anacruiz10 says:

    This is absolutely fabulous! Thanks for sharing!

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