Decision Making What is the Decision choice made

Decision Making

What is the Decision ? choice made from available alternatives

What is the decision making? process of identifying problems and opportunities and resolving them

Tools for Making Decisions • Multivoting • Nominal Group Technique

What Is Multivoting? A group decisionmaking technique used to reduce a long list of items to a manageable number by means of a structured series of votes.

Multivoting Reduces long lists of ideas Identifies important items

Benefits of Multivoting • Reduces a list • Prioritizes a list • Identifies important items

Assign letter to each item Work from a large list Tally the votes Vote Multivoting Procedures Repeat

What Is Nominal Group Technique A weighted ranking method that allows a group to generate and prioritize a large number of issues within a structure that gives everyone an equal voice.

Nominal Group Technique Generates ideas Prioritizes items

Benefits of Using NGT • Reduces the number of issues • All team members participate • Rank orders items

NGT Parts 1 - Define the Issue and Generate Ideas • Define the issue • Generate ideas • Collect ideas • Clarify ideas • Combine ideas 2 - Make the Selection • Assign letters to ideas • Rank ideas independently • Collate the rankings • Add the rankings • Rewrite the list in priority order.

Six Steps in the Decision-Making Evaluation and Feedback Implementation of Chosen Alternative Decision. Making Process Selection of Desired Alternative 13 Recognition of Decision Requirement Diagnosis and Analysis of Causes Development of Alternatives

Summary • The difference between decision and decision making • Tools for decision making • What is the Multivoting and its benefits ? • What is the nominal group technique and its benefits ? • The six steps in the decision making