Question: Using Smart Choice's Eight-Step process below, list the eight or so steps you should take for a large decision, personally or professionally that you will

Using Smart Choice's Eight-Step process below, list the eight or so steps you should take for a large decision, personally or professionally that you will be making.

Smart Choices: Eight Steps

(Hammond, Keeney, and Raiffa, Smart Choices, 1999)

  1. Problem: Define your decision problem to solve the right problem.
  2. Is it the right problem or are your emotions clouding the real issues?
  3. How much emotional baggage do you carry into this problem?
  4. Objectives: Clarify what you are really trying to achieve with your decision.
  5. What is you intention/purpose?
  6. Alternatives: Make smarter choices by creating better alternatives to choose from.
  7. In what ways might we...?
  8. What are parallel situations?
  9. What is a whacky solution?
  10. Consequences: Describe how well each alternative meets your objectives.
  11. What are the unanticipated consequences of these actions?
  12. Are there ways to minimize some consequences?
  13. Tradeoffs:Make tough compromises when you can't achieve all your objectives at once.
  14. What can you live with?
  15. What can't you live with?
  16. Uncertainties: Think about and act on uncertainties affecting your decision.
  17. How can you prepare for consequences?
  18. How can you prepare others?
  19. Risk Tolerance: Account for your appetite for risk.
  20. Time to be honest?
  21. What is your history with risk?
  22. Linked Decisions: Plan ahead by effectively coordinating current and future decisions.
  23. What are interaction effects?

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