Tag Archives: Decisions

Balancing decisions against risks, costs, benefits and business goals.

At some point in establishing the business case to support a business initiative a decision needs to be made either to proceed or to not proceed. In building the business case information will have been gathered and collective knowledge will … Continue reading

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Qualifying assumptions

Whilst acknowledging that capturing ‘all’ information relevant to making a decision about implementing a business initiative is not possible there is a real issue that needs to be addressed with how assumptions are managed. Often an assumption is accepted as … Continue reading

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Repository of lessons learned

Maintaining a repository of lessons learned is a valuable tool when assessing the viability or advisability of a newly identified business initiative. Consequently being able to make an informed decision to proceed will provide a higher level of confidence that … Continue reading

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Risks, information and decision making

Without having visibility of the whole enterprise and the inter-relationships between its various components how can the true risks associated with a business initiative be reliably determined. With risk not fully identified how can you establish the cost of mitigation? … Continue reading

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