Managing Decision Challenges:
Evaluation, Prioritisation & Resource Allocation

Content Course Outline Dates and Fee Open Enrolment Form

About the course  

Making decisions is both an art and a science which, properly learned, could increase the value of your budget by 30 per cent. Managing conflicting objectives effectively, dealing with uncertainty, considering trade-offs among projects and increasing the transparency of decisions are usually the drivers for this improvement in decision quality. Reflecting on these challenges, this course will provide analytical methods for arriving at more effective decisions. The focus will be on evaluating and appraising options, developing budgets and allocating resources effectively. 

Who should attend

Participants in this course will be executives and managers from the private and public sectors facing complex decisions in their organisations. Those who are interested in systematic methods for more effective decision making will in particular benefit from this course. Participants will be invited to participate in discussions and share, where appropriate, experiences from their organisations to enable the group to explore decision making practices as they apply in a real environment in order to reach a higher level of decision capability in their organisations.

How will it benefit you?

• Gain insights into applicable frameworks to structure and tackle complex decisions in organisations
• Learn how to use multiple-criteria decision analysis to manage value trade-offs and decisions with conflicting objectives
• Learn how to balance costs, benefits and risks to obtain best value-for-money
• Recognize and deal with uncertainty in your decision-making
• Gain knowledge how to transparently appraise and evaluate options and to allocate resources effectively
• Acquire the ability to enhance decision processes in your organisation in order to improve organisational performance

Course instructors

Professor Larry Phillips, Visiting Professor of Decision Sciences at the LSE, director of Facilitations Ltd. and Catalyze Ltd.

Professor Phillips has more than 25 years of expertise in aiding decision makers to analyse complex issues involving uncertainty, risk, and multiple, conflicting objectives. He is author of over 100 publications, an editor of the journal Decision Analysis, and recognised as a leading international practitioner in the areas of decision analysis and group facilitation. In 2005 the Decision Analysis Society of INFORMS awarded him the Frank P. Ramsey medal “for distinguished contributions in decision analysis.” More information is available at www.lawrencephillips.net.

Contact Details

Alessa Ward

Project Coordinator

Tel: +44 (0)20 7955 6563

Email: a.g.ward@lse.ac.uk

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