Ten hard questions to ask or be asked
| 1 | Could we improve our decision-making by using quantitative techniques? Which ones? |
| 2 | Have we identified all the quantitative and qualitative factors which we should take into account before we reach a decision? |
| 3 | Is risk modelled correctly? If the normal distribution has been used, does it really apply? |
| 4 | What is the most important message from the risk assessment? |
| 5 | What is our break-even point for each product? How does it relate to our targets? Is the margin of safety adequate? |
| 6 | How much does each product contribute to the bottom line? Which is best? Worst? Why? |
| 7 | Are we operating efficiently, at a high level of capacity use? Do we have sufficient margin to meet additional demand? Do we have slack capacity that ... |
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