Likely Outcomes

Both realizing and understanding the most likely outcome of an option is important. What is also important is an awareness of the best and worse case scenarios of an option. When comparing various options you always want to aim for that which has the biggest upside, with the lowest possible downside. This can be as simple…

Due Diligence

Conduction due diligence is critical when it comes to making an informed decision. A lack of due diligence has led to some notable disasters, of which the RBS takeover of a ABN Amro is a great example. Due Diligence involves research and analysis of a subject in the hopes of making a better decision. For example…

Decision Matrix

When it comes to making a decision where there are a number of options available, it can be a difficult and time consuming task. Comparing the same factors between different options can help managers make better decisions. This template presents a grid where you can list up to five factors for up to five different options so…

Decision Making Process

A structured decision making process enables you to make educated, well thought out decisions. It gives you more confidence in the decisions you make and reduces the likelihood that a wrong decision will be made. In addition, a structured process makes it easier to explain and defend the decisions you make. It does this by…

Issue Tree

Issue Trees enable you to better understand relationships between what you want to know or resolve, “The Problem Statement”, and how you are going to get there. It does this by visualizing the relationship in a series of “How” steps. It is a popular tool for problem solving and decision making. Examples of situations where…