Definition
Decision analysisAn approach to decision making that examines and models the possible consequences of different decisions, and assists in making an optimal decision under conditions of uncertainty. (often called ‘’DA’’) is a quantitative and systematic evaluationThe systematic and objective assessment of a solution to determine its status and efficacy in meeting objectives over time, and to identify ways to improve the solution to better meet objectives. See also indicator; metric, monitoring. of the choices that needA problem or opportunity to be addressed. to be made. It supports decisions with technical reasoning and related evidence, as well as other elements like Management, training, economics, and physiological.
Decision analysisAn approach to decision making that examines and models the possible consequences of different decisions, and assists in making an optimal decision under conditions of uncertainty. examines and models the possible consequences of different decisions about a given problem.
Why use decision analysis?
DA helps you make the right decision.
It maintains the formality and professionalism in your processA set of activities designed to accomplish a specific objective by taking one or more defined inputs and turning them into defined outputs..
It is rapidly strengthening and complexifying as it can use more and more emerging analysis tools.
Decision Analysis Approaches
How to do Decision Analysis:
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On top of the brief description of the method, access to:
- an explanation of when and how to use it,
- a practical example,
- tips and recommendations for use,
- downloadable checklists and templates,
- references for further reading,
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