Description

In Class & Live, Online Training(Introduction to Decision Analysis)

You will learn:

• Identify and mitigate psychological bias
• Explore complexity Problem network analysis and simulation
• Discover causality
• Use multi-criteria decision analysis to evaluate alternatives
• Reap benefits in the decision-making process and avoid team traps
• Build your decision analysis project
• Use predictions to look to the future
• Understand and explain uncertainty
• Use game theory to develop strategies against competition

Who Should Participate:

• Participants must be familiar with Microsoft Excel and be able to understand basic math concepts.
• Business analysts, strategic analysts, Project managers, who are data scientists are all people in formal roles that would clearly benefit from this course.
• Anyone involved in the decision making process! Includes people who seek to make important personal decisions.

Topics Covered:

• Definition and categorization
• Thinking probabilistically
• Expected value
• Visualising uncertainty
• Utility curves
• Psychological biases
• What makes a good decision?
• History of decision analysis
• Problem solving
• Creative thinking
• Data science vs decision analysis
• Bulletproof Problem Solving
• OODA loop
• Conducting research
• Correlation
• Regression
• Monte Carlo methods
• Time series
• Expert judgement
• Prediction markets
• Scenario planning
• Forced ranking
• Decision matrices
• Multi-criteria decision analysis Decision trees
• Feedback loops
• Influence diagrams
• System dynamics
• Strategy mapping
• Stakeholder analysis
• Game theory
• Confrontation analysis

Frequently asked questions:

Can I take this course online? Yes