In this episode of Business Analysis Simplified, we explore Decision Analysis, a key technique in the Strategy Analysis knowledge area. Decision Analysis provides a structured approach to evaluating options, assessing risks, and making informed choices based on data and stakeholder priorities.
Join Michael and Emily as they revisit the school playground upgradation project, where the kids faced critical decisions—choosing the best equipment, selecting vendors, and allocating their budget. Learn how they used criteria-based evaluation, risk assessment, and trade-off analysis to make the best choices for their project. Whether you're selecting a business strategy, investing in new technology, or managing a community initiative, this episode will provide valuable insights into making well-structured, data-driven decisions.