Decision Support and Analysis
Gut instinct can only get you so far. Organizational decisions that can change the direction of your company should use rational processes based on data and logic. Our staff can help you to identify information critical to your decision-making processes through research, surveys, and statistical data analysis, providing an unbiased, data-driven foundation for organizational decisions. We have helped our clients gather, analyze, and use data to make decisions around:
- Expansion
- Physical infrastructure
- Capital investments
- Systems implementation
- Earned revenue opportunities
- Strategic partnership planning
- Mergers and acquisitions
Information overload can be as scary as having
no data at all.
Our consultants use simple but powerful tools and models to make sense of your data and use it to make decisions. A scorecard evaluation matrix allows you to weigh options against each other based on criteria that are important to you. Evaluation criteria are used to objectively assess alternative opportunities relative to one another. A system of quantitative weights and ranks helps will help to identify the most appropriate opportunities.
Criteria can be organized in the following categories:
- Economic possibility – cost, economic benefit, potential ROI
- Administrative operability – operational capacity, staff capability
- Technical feasibility – measures of effectiveness, goal attainment
- Political palatability – impact on decision makers, community acceptability
Options can then be rank ordered against each other in a scorecard evaluation matrix.
The scorecard evaluation matrix can then be plotted to understand decision sensitivity and visually see how each option ranks against the group in a decision sensitivity chart.
Decision Sensitivity Chart
Measuring decision sensitivity can help you determine which path to take.
Data-driven decision making isn’t the end of the story, though. We also consult our clients about the impact of qualitative factors such as cognitive methods, individual and corporate risk tolerances, and the psychological biases that affect decision making – the human factors.
Want to know more?
Our consultants are experts at analyzing data to help your organization improve performance. Our Measurement and Survey service area further explains how we can help you gather the kind of data to help you make those critical decisions.
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