Select decision problem and model

Executive Summary

PowerPoint Decision Analysis Quality

Decision frame that defines the problem (opportunity) and decision scope

Issues list

Vision statement

Decision hierarchy

Stakeholder issue matrix

Influence diagram

Decision objectives and value measures that define value

Value hierarchy or functional value hierarchy (with direct not means objectives)

Measures can be assessed at the time of the decision

Type of value measures identified

Creative alternatives that span the decision space

Divergent-convergent process

Strategy generation table

Quality of deterministic analysis

Excel models and functions correctly used

Plots of value for decision options

Sensitivity analysis

Develop hybrid alternatives after analysis

Major uncertainties for later probabilistic analysis

Independent uncertain variables

Align with influence diagram

Decision Analysis Model Quality

Explicit Use of Excel modeling guidelines

NPV: Name each input cell

MODA: Develop cost model, include ideal, and value functions 0 to 10 or 0 to 100

Portfolio Model: Used of Solver