Chapter 4. Decision Making

Introduction

This chapter discusses decision making in more detail, specifically a structure for decision making, the idea of Real Options, and cognitive biases that can get in the way of effective decision making.

A Structure for Decision Making

Decision making is a fairly vague concept, so here’s some structure to help explain what deciding wisely looks like:

Determine the decision maker.

Select a decision mechanism.

Determine what information is needed.

Make a timely decision.

Build support with peers/stakeholders.

Communicate the decision.

Enact the decision.

Determine the Decision Maker

While this may seem like a no-brainer, it is difficult to make a decision if you don’t know who is supposed ...

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