Quantifying Initiative Value & Prioritizing New Concepts Seminar
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Quantifying Initiative Value & Prioritizing New Concepts Seminar

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Our Advanced Decision Framework reveals why decision-making in business is so difficult and what you can do about it. It focuses on the aspects of human behavior and typical business analysis ...

Our Advanced Decision Framework reveals why decision-making in business is so difficult and what you can do about it. It focuses on the aspects of human behavior and typical business analysis approaches that render decision-making prone to errors in judgment, unnecessary rework, cost, and lost opportunity. The Advanced Decision Framework provides a guided process by which leaders work collaboratively to overcome those barriers to success.

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Quantifying Initiative Value & Prioritizing New Concepts Seminar Quantifying Initiative Value & Prioritizing New Concepts Seminar Document Transcript

  • Quantifying Initiative Value & Prioritizing New Concepts SeminarAchieve alignment Why is decision-making inwith important business so difficult? Can weinitiatives do anything about it?Develop creative “…the one risk no investor [or manager] can ever Everyone intuitively understands what Benjamin Graham meant. No one canalternatives to solve eliminate is the risk of being wrong.” ever ensure that they won’t be wrongcomplex problems Benjamin Graham Mentor to Warren Buffet with the choices they make. But Incite! Decision Technologies, LLC, can help your company reduce the likelihood ofCreate value by being wrong with important decisions. Our Advanced Decision Frameworkunderstanding risk reveals why decision-making in business is so difficult and what you can do about it. It focuses on the aspects of human behavior and typical businessand uncertainty analysis approaches that render decision-making prone to errors in judgment, unnecessary rework, cost, and lost opportunity. The AdvancedImprove your Decision Framework provides a guided process by which leaders work collaboratively to overcome those barriers to success. Business leaders whoconfidence in learn to use this process effectively find they have greater confidence anddecision-making understanding to achieve organizational alignment and improve business value in strategic planning, project decisions, portfolio prioritization, and budgeting.
  • Can we accurately value new strategic initiatives? How do we reduce the risks we face with them? Objectives This one-day seminar o Recognize and overcome“Robs one-day seminar ondecision-making was extremely offers participants an the underlying biases andinformative, and I gained a assumptions that lead tomuch greater understanding of introduction to the toolsthe tools available for frustration, exposure to tooprobabilistic analysis. In my role needed to become much risk or not enough, andas an operations manager, I other undesirable outcomesfrequently have to analyze a familiar with best when facing critical choicesvariety of alternatives to solveproblems or support new practices of effective o Identify the true goals andproducts. These methods for decision-making. While objectives of the decisionweighing alternatives and team and stakeholdersassigning them quantitative this class touches onvalues gives me the tools to o Agree on decisions thatmake not just a good choice, advanced business need immediate attentionbut the best possible choice. concepts, it is engaging o Generate truly creativeRob is also an excellent teacherwho keeps the audience strategic choices withinterested and on target.” and straightforward. information inherent to the Richard Light, Manager of Participants experience problem at hand Business Continuity Services, o Understand how to assess these learning objectives Hewlett-Packard the impact of risk and first-hand through a uncertainty on desired goals game of chance (in o Use uncertainty to guide project decisions toward which a real financial optimal value and return on reward can be won) and investment o Clearly communicate and a challenging real-world document team decision case study. recommendations
  • “The business executive is by profession a decision maker…whether the outcome is a consequence of luck or wisdom, the moment of decision is without a doubt the most creative event in the life of the executive.” “How Businessmen Make Decisions” Fortune Magazine, August 1955 Who Should o Senior or middle-level managers wanting to improve their ability to gain deep insights, manage initiative risks, and develop appropriate confidence to move forward with strategic plans Attend? o Decision team members responsible for finding solutions to complex problems and opportunities o Executive business leaders who guide their organizations to make better decisions in every endeavorIn an effort to provide you with the greatest value, Incite! offers thisseminar on your organization’s campus so that the collaborative Valueelements of the process are best experienced with the least timeand cost commitment from your staff. PropositionIn the long term, your organization will develop and retain the skillsthat allow it to frame new opportunities in their proper context foraction, avoid many unanticipated outcomes, focus attention oninformation that really matters, prioritize capital allocation on theright initiatives, and the identify the tactics that allow your team toachieve the value identified. View slide
  • Quantifying Initiative Value & Prioritizing New Concepts SeminarDay One Topicso Factors that Contribute to Judgment Erroro Game of Chance to Demonstrate Sources of Judgment Erroro Problem Framing & Clarifying Objectiveso Generating Creative Alternativeso Clarifying the Sources and Effects of Uncertaintyo Understanding Uncertainty and the Language of Probabilityo Quantifying Uncertainty and Risko Prioritizing InitiativesOptional Day 2 (or more)Incite! will coach the participants during an optional second day (ormore, as needed) as a decision team to work through a currentbusiness problem that needs resolution. This second session providesa powerful means to reinforce the concepts learned in the firstsession for continued use by placing the process in the participants’daily business context. Your organization will gain immediate valueby working through a current problem with the Advanced DecisionFramework to achieve deep insights for prompt application.To learn more about how Incite! can help your team improve itsdecision quality capabilities, reduce risk, and increase its confidence Next Stepsthat the best decisions are being made, call Robert Brown at678-947-5997 or send an email to rdbrown@incitedecisiontech.com. View slide