Please answer ONLY Questions 1, 4, 5, 6, 14 ?? 4.7 Key Concepts What you can do
ID: 426538 • Letter: P
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Please answer ONLY Questions 1, 4, 5, 6, 14??
4.7 Key Concepts What you can do What you know What you want "Analysis Paralysis" Decision Quality systemic thinking GIGO primary, first order, second order objectives RACI chart creative alternatives distinctions Decision Quality Assessment value creation lens 4.8 Study Questions 1. Describe decision quality in your own words. 2. What is meant by commitment to action? 3. Do you have difficulty making quality decisions? If so, why? 4. Why is framing the right problem so important? 5. Describe a RACI chart. 6. Why are creative alternatives so important? 7. Explain how a radar chart can be used to communicate decision qual- ity. 8. Think of a recent difficult situation and, using the ten principles, rate yourself on a radar chart. 9. Give an example of analysis paralysis. 10. Have you encountered the GIGO syndrome? If so, what did you do to correct it? 11. Explain why the decision quality process is important. 12. Why should experts be able to make powerful distinctions? 13. If your decision analysis team becomes overwhelmed with the shear volume of data collected, what can you do to still move the process forward? 14. What are three benefits to having the real decision maker involved in the decision analysis project?Explanation / Answer
Answer 1:- Decision quality (DQ) is the quality of a decision at the moment the decision is made, regardless of its outcome. Decision quality concepts permit the assurance of both effectiveness and efficiency in analyzing decision problems. In that sense, decision quality can be seen as an extension to decision analysis.
Answer 4:- Framing is a way of structuring or presenting a problem or an issue. Framing involves explaining and describing the context of the problem to gain the most support from your audience. Your audience is key to framing. The way a problem is posed, or framed, should reflect the attitudes and beliefs of your audience. By framing correct problem, we can address the required concerns of the audience and the decision makers.
Answer 5:- A RACI chart is a matrix of all the activities or decision making authorities undertaken in an organisation set against all the people or roles. At each intersection of activity and role it is possible to assign somebody responsible, accountable, consulted or informed for that activity or decision
Answer 6:- A range of creative policy or management alternatives designed to address the objectives is developed. Alternatives should reflect substantially different approaches to the problem or different priorities across objectives, and should present decision makers with real options and choices.
Good solutions are not possible without good alternatives. Yet we often move to a single solution, without truly exploring distinct and creative alternatives. Technical teams take on the task of delivering “recommendations” to decision makers. But often these recommendations encompass value judgments that are better made by decision makers. Usually, what decision makers need is good information about a small, carefully thought out set of alternatives – their consequences, key differences (trade-offs) in their consequences, and the response of key stakeholders with respect to these trade-offs. Generating good alternatives is a source of important insights both from a technical perspective and a values perspective.
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