Showing posts with label decision making problem. Show all posts
Showing posts with label decision making problem. Show all posts

Friday, February 11, 2011

Decision Making Process

Ready, Aim, Aim, Aim, Aim,...., you have to Fire.
It is very important that we make decisions.

Decision making is about identifying a problem, generating alternatives, selecting a possible solution and evaluating the effectiveness of the choice.

Decision making process in 8 distinct steps. They are:
• Identify the problem
• Identify the decision criteria
• Assign weightage to decision criteria
• Develop possible solutions/alternatives
• Analyse each alternative
• Select the best alternative/possible solution
• Implement
• Monitor/Evaluate