Decision Making Process

Identifying, defining, and understanding a problem is essential to analyzing and choosing between alternatives.

Identifying a range of potential choices is essential to any decision-making process.

In order to eliminate bias in a decision, one can use tools such as influence diagrams and decision trees to evaluate alternatives.

A good decision maker will always try to eliminate personal biases and understand his personal risk tolerance when determining a course.

Implementing a decision requires the decision maker to make and execute a plan of action.

Decision makers must evaluate the results of a decision to improve the processes and outcomes of future decisions.