Data-Driven Decision Making

From simple fact-based management to complex situations requiring creative and innovative approaches, clients turn to Risk Strategics solutions for help in the decision-making process.  Effective decision analysis allows decision makers to choose wisely and avoid inappropriate reactions under uncertain contexts with multiple, competing objectives.  Based on our fundamental foundation of risk analysis, Risk Strategics provides managers with the collaborative tools they need to lead effectively in a variety of strategic organizational and project level contexts.

Risk Strategics develops, implements, and provides training for methods to improve decision-making in public organizations and private enterprises.  Our decision analysis services include proven and highly scalable methods, models and processes for:

  • Decision-making under conditions of uncertainty or multiple objectives

  • Techniques of risk analysis and risk assessment

  • Empirical and descriptive studies of decision-making behavior

  • Economic analysis of competitive and strategic decisions

  • Techniques for facilitating decision-making by groups

  • Structuring decision problems for workable solutions

  • Computer modeling software and expert systems for decision support

To fully recognize its benefits at the project level, decision analysis should be considered as an ongoing process conducted concurrent to, and iteratively with, other important project processes such as scope and execution plan development, resource planning, procurement planning, cost estimating, budgeting and scheduling.  On a strategic organizational level, Risk Strategics seamlessly incorporates decision analysis with value analysis, risk analysis and resource planning processes to analyze alternatives and determine whether, how and when to most effectively allocate organizational resources.

How We Can Help:  If you have a challenging decision analysis issue, or just want to understand how successful organizations are using data, models and analysis to make better decisions, Risk Strategics can help. Our decision analysis services include:

  • Design and execution of cost beneficial decision analysis solutions.

  • Technical support ranging from use of best practices to development of highly customized decision analysis models.

  • Training and training materials.

  • Documentation support.

  • Quality assurance and review activities.

  • Facilitation and change management.

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