Decision Quality Methodology
Frame #
This risk management tool captured my attention as it provided an evidenced-based justification for the decision made with possible areas identified requiring controls. I was introduced to it last week on LinkedIn, this study has me seeing 'Risk' in every article/post lately. The risk management tools I know are generally 'Dynamic risk assessment' tools from construction and emergency services and they are dependent upon 'human error', or post-event critique by the person in the 'culpability-free seat' is either hyper-feared or ignored. I felt inclined to take a positive approach to this section
What? ( to solve)
Why? (Benefit)
When? (Best)
Success levels?
Constraints?
Failure outcomes?
Alternatives #
Creative w biases challenged
Major variations
Compelling - sponsored for it's value
Practicable
Data (present & past) #
manipulate the data,,
represent it in different ways
identify value drivers
understand sensitivities
Own your bias
motivational
availability
confirmation
Trade-offs #
What are we risking not choosing this item solution?
Which alternative do we choose and why?
What do we really want in this decision?
Are our values competing?
Reasoning #
Utilisation of tools
Assess Outcomes
Probabilities
Digrams
Commitment
Courage of Action
Allocation of resources
Alignment of conflict
'Quick Huddle' in the break-out area w 3 whiteboards.
Tribe of 9 people incl timer & scribe
20 minutes total: 2 min per topic, 5 min summary, allocate teams of 3.
30min research break (3 idea/team)
Whiteboard solutions (5min) w value
30sec elevator pitch per alternative
Other teams value assign
Discuss practical, drop undervalued
20min total
Compare the lasting solutions
Critique the biases
Change the environment
Seek out new data to support/challenge
Reduce the list to 4/5
click to edit
10min max
Revisit the Frame
Rewrite frame
20min max
Write up the decision with supporting graphical representations.
20min
Iron out the challenges
Outline Action Plan
Allocation the resources
Create contingency plans for variation
'Leveraging the six key decision quality elements', Sean Cody.