Decision Analysis (SELECT)
What it is:
a step-by-step process for making the best possible choice among options
When it applies:
when a choice must be made; when there is disagreement about which alternative is best; when there is a need to create new alternatives
Typical pitfalls when no process is used:
no upfront clarification of or agreement about objectives; conflict about alternatives; implementation may be difficult or impossible
Basic Steps:
State the Decision to be made
Establish Criteria
List Options
Evaluate Options
Consider Risks
Trust Your Work—Pick a Winner!
Decision Analysis helps us:
- be clear on what we and others want and need in a final choice
- consider a good range of options
- determine how well various options meet our criteria
- make a choice that balances benefits and risks
- effectively involve others