Decision Quality

Generally, we have deep confidence in our judgment and ability to make the right decision. This can be, at times, at odds with reality.

“To kill an error is as good a service as, and sometimes even better than, the establishing of a new truth or fact.” (Charles Darwin)

Consequently, we tend to overestimate the importance of information that we’ve encountered recently, that is frequently repeated, or that is top of mind for other reasons.

Some of the tools that assisted me to achieve better capital project outcomes:

• Decision-bias
• Stress-testing
• Problem-solving

Check out this nifty tool to support decision making:
4 Vs decision making tool