Meat and potatoes decision analysis is OK, but you are possibly missing the big upside of optionality in your evaluation. We will develop a case study and learn some critical elements as we conduct real-time the analysis that might impact our choices – picking the proper reference case, the impact of essential assumptions, how new information can give us optionality.
This will be a dialogue between Alex Sidorenko and Brian Putt. We will utilize an active DA model in SIPmath that we work to answer Alex’s questions as he develops optionality for his decision. Graphics will play a large part in explaining the value of optionality.
Join us for this unplanned journey into value of imperfect information.
Brian is currently a Decision Quality Consultant to assist organizations in making good decisions using probabilistic analysis. He maintains a YouTube Channel that include a number of instructional videos on Excel and SIPmath applications. After retirement from Chevron in 2016 he has volunteered with the non-profit Probability Management (www.probabilitymanagement.org) to promote Decision Quality using SIPmath.
Check out other risk management books
RISK-ACADEMY offers online courses
Informed Risk Taking
Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!
ISO31000 Integrating Risk Management
Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
Advanced Risk Governance
This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.
