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Introduction to Decision Analysis

Course Overview

This hands-on Introduction to Decision Analysis gives you the tools required to make better, more informed and justifiable decisions. The focus is on thinking creatively about issues and then applying structured, formal analysis to spur action. A range of tools are considered, providing a comprehensive toolkit for those willing to enhanced the effectiveness of their organisational, or personal, decision-making.

The focus of this course is on lightweight, rapid, "agile" modelling---cycling rapidly between problem, definition, analysis, conclusions and actions. Emphasis is placed on structuring of assumptions, as opposed to mathematical modelling.

The course does not provide a "deep dive" into the techniques presented. It is intended to give you an overview of the field and act as a foundation for deeper study of the techniques that are most appropriate to your current and/or future decision-making needs.

This course is delivered over 4 full days.

Key Information

Course Length
32 hours

Learning Method(s)
Online materials
Online assessment

For Individuals

Full Cost Price
£2,514.00

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  • Structure your decision analysis projects
  • Understand and interpret uncertainty
  • Recognise and mitigate psychological biases
  • Uncover cause and effect relationships
  • Evaluate alternatives using multi-criteria decision analysis
  • Peer into the future using forecasting
  • Apply game theory to develop strategy in the face of competition
  • Explore complex issues using network analysis and simulation
  • Leverage the benefits, and avoid the pitfalls, of teams in the decision-making process