Question

Lead me through a decision-making process on a major project you've completed.

Answer 1

INTRODUCTION

Goal can be anything that you wish to gain acheive and goal is the primary step to acheive something positively.Decision making process is a continous process and it should be depends on both organizational and management activities.

  DEFINITION

- According to Oxford Advanced Leaners Dictionary,the process of deciding something important,especially in group or in an organizations

-According to Baker,efficient decision making involves a series of steps that reqiure the input of informations at different stages of the process,as well as a process for feedback

- Psychologically it is defined as decision making is regarded as the cognitive process resulting in the selection of a  breif or a course of actions among several alternative possibilites

MEANING

-It is a continous and step by step methods to acheive the desired goals

-The process of identifying the problems and biases and resolving them

IMPORTANCE OF DECISION MAKING PROCESS TO COMPLETE ONE PROJECTS

-It is the primary functions of the management

-It may improve the entire management process or programmes

   -It is essential to face new challanges and risks

-It may enhance communication process

-It uses better utilization of available resources

-They can acheive the goals

  -Increases efficiency

-Group decision making process may motivate employees

CHARACTERISTICS OF GOOD DECISION MAKING PROCESS

-It is logical and ongoing

-It uses critical thinking process and intuitive thinking

-It gather relevant informations and to find out proper alternatives; and aiternative solutions should be;

- ACCEPTABLE

- FEASIBILITY

- COST EFFECTIVE

- ETHICS HAVE TO FOLLOW

- QUANTITATIVE AND QUALITATIVE APPROACHES

   -It is a straight forward process ,flexible,easy to use,reliable

-The main components of this process are;

-EFFORTS

-QUALITY

-SPEED

-EXECUTION

-It contain both subjective and objective thinking process

-It can be anlyzed at various levels such as;

-INDIVIDUAL

-GROUP

-ORGANIZATIONAL

-It is not only a practise but also a process

-It is a dynamic,,concious and logic process

-It should have some managerial skills such as;

-INTERPERSONAL SKILLS

-INFORMATIONAL SKILLS

-DECISIONAL SKILLS

-PROBLEM SOLVING SKILLS

-It shoud involves the following activities;

INTELLIGENCE ACTIVITY

DESIGN ACTIVITY

CHOICE ACTIVITY

-It should have some levels of organizations such as;

EXECUTIVE LEVELS-long term decisions

MANAGERIAL LEVELS-decisions covering weeks and months

OPERATIONAL LEVEL-day-to-day decisions

FACTORS AFFECTING DECISION MAKING PROCESS

While doing one projects,it should be depends on some factors;

-CULTURAL FACTORS

   -SOCIAL FACTORS

-PERSONAL FACTORS

-PSYCHOLOGICAL FACTORS

-EMOTIONAL BIAS

-COGNITIVE AND PERSONAL BIAS

-SKILLS AND COMPETENCE

  -SITUATIONAL FACTORS

-ETHICAL GUIDLINES AND INTEGRITY

-POWERS such as political,legal,social,administrative,money or economical

-INSTRUMENTAL FACTORS

THE DECISION MAKING APPROACHES

Approaches or the pathway of making decisions or alternatives should have ;

-RATIONAL APPROACH

-BEHAVIOURAL APPROACH

-PRACTICAL APPROACH

-PERSONAL APPROACH

STEPS OF DECISION MAKIG PROCESS

Stages or steps of decision making process includes;

1-IDENTIFYING THE PROBLEMS

-to find out the issues and the problems

-to compare current result with some standards

-to find out available resources

2-DIAGNOSING THE PROBLEMS

-to analyze the the current issues

3-DISCOVER THE ALTERNATIVE COURSE OF ACTIONS

-to find out ppossible and desirable alternatives

-to use creative thinking and problem solving methods

-to do adequate research to find out alternative solutions

4-EVALUATE ATTERNATIVES

-one of the most and important stages

-to find out advantages and disadvantages of alternatives

-to find out some options

  

6-SELECT THE BEST ALTERNATIVES

-to select the suited alternatives

-to choose best possible alternatives

7-IMPLEMENTING AND FOLLOW UP ACTIONS

-to get the results of your solutions

SUMMERY

Making alternative solutions is the very crucial process and should have to follow steps such as;

-DEFINE THE PROBLEMS ,OBJECTIVES AND GOALS

-IDENTIFY THE DECISION CRITERIA

-ALLOCATING WEIGHTS TO THE CRITERIA

-GATHER FACTS AND DEVELOP ALTERNATIVES

-EVALUATE ALTERNATIVES

-SELECT THE BEST ALTERNATIVES

-IMPLEMENTING THE ALTERNATIVES

-EVALUATE THE DECISIONS EFFECTIVNESS

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THE SIGNIFICANCE OF DESION MAKING PROCESS

-better utilisation of resources

-facing problems and challanges

-professional growth and developments

-acheiving desired goals

-increase critical thinking ability ang logical thinking

-facilitaes innovations and creativity

-motivates employees and entire co-workers

-maintain interpersonal relationships and communication skills

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