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Decision Quality and
Decision Modeling

Neuss (Düsseldorf), Germany

The 3-day Decision Quality course introduces the cornerstones of making better decisions; there is an option to add the 2-day Decision Modeling course, which builds upon and reinforces several of the decision analysis topics taught in Decision Quality.


Enroll

  • Overview
  • Curriculum
  • Instructors

Decision Quality is a three-day course that introduces a set of frameworks and tools for better decision-making:

  • Decision Quality, the concept that defines what we mean by a good decision
  • The SDG Dialogue Decision Process, an efficient, collaborative approach to organizationally and analytically complex decisions
  • Decision Analysis, the quantitative tools and concepts that identify the best choice in an uncertain, complex, and dynamic business environment.

Senior decision-makers, decision team leaders, and those who provide information to support strategic decision-making will find this program to be a good introduction to the benefits of this approach in their organization, how it works, and their role in the process.

In more than 30 years of delivering this course, we have found consistent success using a blend of presentations, group discussions, and “learning by doing.” Participants work in teams, coached by an experienced decision consultant, on a simulated complex decision.


Decision Modeling is a two-day add-on workshop that builds upon the Decision Quality course. Participants will build a complete decision model, conduct probabilistic analysis, and generate graphics to communicate insights.

Because this workshop builds directly on the material taught in SDG’s Decision Quality course, participants must have completed that course or its equivalent prior to this workshop.


Who Should Attend Decision Quality
Team participants in decision projects and decision-makers who use the results. Several of our clients conduct this course in-house to inform their executives and train participants in the Dialogue Decision Process. It is an excellent program for those who will participate in the process under the direction of an experienced process leader.

Who Should Attend Decision Modeling
This course is designed for those expected to build decision models and conduct probabilistic analysis using Monte Carlo simulation. Each participant is expected to have a laptop computer with Excel® installed and to be familiar with but not necessarily expert in using Excel®. Most of the software tools used in the workshop are given to participants; a demonstration version of Oracle’s Crystal Ball® should be downloaded prior to the workshop.


 

 

Topics
Decision Quality

  • Framing a decision appropriately
  • Generating creative alternatives
  • Quantifying uncertainty using probabilities
  • Structuring and evaluating decision trees to determine the best alternative
  • Communicating evaluation results
  • Judging the quality of a decision before it is made

Decision Modeling
  • Structuring an Excel® model for probabilistic analysis
  • Applying best practices in spreadsheet modeling with Excel®
  • Generating insights from tornado diagrams
  • Setting up and running a Monte Carlo simulation (we demonstrate Crystal Ball®)
  • Drawing and communicating insights

 

 

Bruce Judd
Bruce Judd is a partner and managing director at Strategic Decisions Group. He founded and co-leads the firm’s executive education program. Dr. Judd works with senior executives, internal consultants, facilitators, and analysts involved in making strategic decisions through a combination of on-the-job coaching, professional development and classroom work.