Please do Questions 1, 4, 5, 6, 14 ? 4.7 Key Concepts What you can do What you k
ID: 426351 • Letter: P
Question
Please do Questions 1, 4, 5, 6, 14
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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
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. A lack of Decision Quality leads to decision failures
All high-quality decisions meet six requirements:
2. Commitment to action is is a plan for addressing a significant all challenges.Commitments can be small or large and financial or nonmonetary in nature.
3.Making quality decisions are not easy roadways. There are many roadblocks to making quality decision since such decision may stand against your loved ones or your ethical beliefs or may impact a close third party.
4.Framing the right problem is navigating which problem directly impacts you and thus resolving them at the earliest.