Decision Making Training for Project and Program Managers
Decision Making Training for project and program managers covers the concepts and theories behind the process of decision-making along with the procedure, techniques, methods, and guidelines of management decision-making. In addition, you will learn about the tips of affecting the others’ decision-making and to avoid the pitfalls of common mistakes during the decision making. This training will allow you to create and set up long-term standards according to the efficient decisions that will guide you to a competitive benefit for your organization.
Managerial Decision Making Process
- Setting up the goals
- Defining the problem statement
- Collecting relevant information
- Determining potential solutions
- Analyzing various action plans
- Executing the taken decision
- Evaluating the effectiveness of the decision
Decision-Making Models
There are tow different types of decision-making models:
- Rational models
- Defining the problem
- Determining the crucial requirements for the process and the outcomes
- Taking all the alternative solutions into considerations
- Evaluating the significances of all the solutions and comparing the possibilities of meeting the criteria
- Choosing the best option
- Normative model
- Limited data processing – A person can only handle a limited quantity of information
- Critical heuristics – A person could apply shortcuts to facilitate the decision making process
- Satisfying – A person can select a solution that is simply “good enough”.
- Static models
- Demonstrate the significance of different qualities in a stable system
- Operate best in steady systems
- Not consider the time-based alterations
- Not operate well in real-time systems but, it could function in a dynamic system in equilibrium
- Require less data
- Easy to evaluate
- Generate faster results
- Dynamic models
- Reflect the change in data values over time
- Reflect the effect of system behavior over time
- Re-measure equations as time varies
- Can be used only in dynamic systems
Audience
Decision Making Training for project and program managers is a 3-day course designed for:
- Project managers
- Program managers
- Team leaders
- Analysts
- All the professionals involved in making high quality decisions
What Will You Learn?
- Overview of Managerial Decision Making
- The Decision Making Structure
- How to Shape the Decision Framework
- Evaluation Matrices
- Being Cautious about Decision Traps
- Decision Categories
- Strategic Decision Making Development
- Risk and Probabilities
- Communication Role in Decision Making
- Decision Making as A Team
- Role of Creativity in Managerial Decision Making
- Establishing a Successful Procedure for Strategic Decision Making
- Case Study: Strategic Decision About Downsizing In Southwest Airlines
Decision Making Training for Project and Program Managers