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Tag Archives: Decisions
Software Tools
There are a variety of software tools available to support decision making, each with its own unique features and capabilities. These tools can be broadly categorised into four main categories: data analysis, visualisation, collaboration, and simulation. Data Analysis Tools: Data … Continue reading
Benefits Realisation
Benefits realisation is the process of identifying, planning, and achieving the benefits that an organisation expects to gain from a particular project or initiative. It involves identifying the specific benefits that are expected to be achieved, determining how they will … Continue reading
The Eisenhower Matrix
The Eisenhower matrix, also known as the Eisenhower decision matrix or urgency-importance matrix, is a tool used to prioritise tasks and make decisions based on their level of urgency and importance. The matrix was developed by United States President Dwight … Continue reading
The Pareto Principle
The Pareto principle, also known as the 80/20 rule, is a principle stating that, for many events, approximately 80% of the effects come from 20% of the causes. This principle is named after economist Vilfredo Pareto, who observed that approximately … Continue reading
The role of brainstorming in the decision making process.
Brainstorming is a creative problem-solving technique that involves generating a large number of ideas or solutions to a problem in a short period of time. The goal of brainstorming is to generate as many ideas as possible without evaluating or … Continue reading
The Knowledge Economy 