Many a times business leaders need to base a decision on the most suitable option identified in a particular circumstance. However, the unknown variables make it difficult to define and choose the right option with any certainty.
The Decision Course analysis is designed to help clients choose between several courses of action when the outcome is dependent on complex systems and unknown variables. It provides a highly effective structure within which one can explore options and investigate the possible outcomes of a decision.
Approach
The decision course analysis provides a structured framework for evaluating all options and alternatives involved in a decision with the associated risks as well as the possible outcomes and probabilities.
Each option analyzed leads to a specific outcome which is evaluated for viability, likelihood of occurrence, impact, and quantitative measures of the overall benefit such as the perceived monetary value.
Establishing all the probabilities and the benefit measures helps define the most favourable option and its potential for success.
Key features & benefits
- Helps define and evaluate outcomes of an option in a structured manner thereby outlining the possible consequences of a decision
- Provides a framework to quantify the values of outcomes and the probabilities of achieving them
- Showcases decision options and helps chose the best course of action through a sequence of choices and possible events
- Provides a fully integrated Excel modeller, that models the decisions effectively by providing quantitative measures of the overall benefit which also includes monetary value
