BA Technique #17: Decision Modeling
Representing the logic and rules underlying a decision-making process using models or decision tables
Hey, my incredible BAs! It’s time to dive into another fascinating Business Analysis technique from The BABOK Guide v3. Get ready to be captivated by the fascinating world of Decision Modeling, as we explore how this technique supports modelling complex decision scenarios, assessing trade-offs, and optimising outcomes. Brace yourselves for a journey of analytical exploration and strategic decision-making. Let’s engage with it fully!
What is this technique about?
Decision-making has come a long way. We’ve gone from those old-school hierarchical expert simulations to the nifty rules-based strategies, and now we’re rocking the top-down Decision Modeling approach. It’s like we’ve upgraded our decision-making game to a whole new level!
Decision Analysis and Decision Modeling are techniques used in decision-making. Decision Modeling is a component of Decision Analysis that helps decision-makers visualize and analyze complex factors. Both techniques aim to improve decision-making. While Decision Analysis involves assessing options, evaluating risks, and selecting the best course of action using systematic approaches and mathematical models. Decision Modeling, on the other hand, focuses on visually representing decisions, analyzing key variables, and assessing their impact.
How to apply this technique?
To effectively apply Decision Modeling, consider the following suggested steps:
- Define the Decision Scope — Clearly define the boundaries and context of the decision model by identifying the specific decision-making process or scenario to be modelled.
- Identify Decision Variables — Determine the key variables and factors influencing the decision. Consider both quantitative and qualitative variables relevant to the decision.
- Map Decision Logic — Define the logic and rules that govern the decision-making process. Also, identify the relationships, dependencies, and constraints among the decision variables.
- Model Decision Outcomes — Determine the…