Decision and Risk Analysis
8am - 4:30pm | UT Campus | $3,350
No Sessions Currently Scheduled
Course Details
ENROLL IN THIS COURSE
UPCOMING SESSIONS
There are no sessions scheduled at this time. For more information about the next class date, please contact us at execed@mccombs.utexas.edu or 512-471-5893.
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BECOME A BETTER DECISION MAKER
Most of us were never trained how to make good decisions, although we make decisions every day. Yet research is overwhelming that individuals are prone to many decision-making mistakes, even in simple situations and especially in uncertain ones. Learn how to use decision quality and a rigorous analytic framework to become a better decision maker in your personal and professional life.
What You'll Learn
Foundations of Decision Quality
- Explore the foundations of decision quality
- Understand the ways in which your mind, personality, and social structures can degrade your decision-making
- Discover six categories of biases that produce most of the mistakes in decision making
- Discuss how overconfidence, confirmation bias, and hindsight bias can keep us from seeking critical information and making realistic judgments
- Understand the limiting effects of unconscious self-serving biases in yourself and others
Make Sound Decisions
- Avoid the pitfalls that can degrade our decision making
- Think clearly and insightfully about the decisions you face
- Explore methods to trade off competing value metrics and objectives
- Guide others in improving their decision making
Deal with Uncertainty and Risk
- Develop tools and mental frameworks that will allow you to deal effectively with uncertainty
- Quantify your appetite for risk and how to factor this into your decision making
Attending this Course
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Individuals
This course is appropriate for those that want to make better decisions, and develop better processes for decision making within their team or across their organization. -
Teams
Organizations often send pairs or small teams, to support the launch of new initiatives. -
Requirements & Credit
There are no prerequisites for this course, but we recommend starting with our 'Decision Quality' class to learn the fundamentals. Participants earn 1.4 CEUs and/or 14 CPEs for this course, as well as a certificate of completion.
Looking for University Credit?
Our classes are available for university credit. Please contact Elizabeth Krieg for more information.
Excellent course for both general decision making processes and analytical methods.
Demonstrate Your Expertise with a Certificate
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Reimbursement Options
Learn more about course credits and options for course reimbursement. Get tips on the best way to approach your manager and download a customizable template to facilitate making the ask.
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Course Location
In person courses take place at the AT&T Executive Education and Conference Center and adjoining Rowling Hall on the UT campus in Austin. These world-class facilities provide a comfortable and convenient learning environment, with direct access to the 40 acres of campus and within walking distance of downtown Austin. Live online and on-demand course options are available for many courses.
In Partnership with Strategic Decisions Group
The Strategic Decision and Risk Management Certificate courses offered by Texas Executive Education combine The University of Texas at Austin’s academic and research depth with the decision and risk management expertise and track record of Strategic Decisions Group (SDG).
Strategic Decisions Group (SDG) is a global consulting firm with expertise in strategic decision making, risk management and shareholder value creation. SDG’s collaborative approach helps clients find innovative strategies for today while helping them build decision competency for the future.
Earn a Badge
We offer digital badges for select courses, which enable you to verify your skills and achievements. When you complete this course, you will earn a digital badge that you can showcase on your LinkedIn profile.
Additional Courses
Decision Quality: Make the Right Choice Every Time
Learn how to frame strategic choices, generate alternatives, develop credible forecasts, quantify uncertainty and judge the quality of a decision at the time it is made.
Human Biases in Decision Making: Avoiding the Traps
Understand the ways in which your mind, personality, and social structures can degrade your decision-making.
Leading Strategic Decision Making
Achieve success by effectively diagnosing a decision situation, designing a clear approach, facilitating communication, and presenting compelling rationale to key stakeholders.
Modeling and Analytics for Strategic Insight
Create models that answer executives' questions, produce compelling analyses, and ultimately gain commitment.
Multi-Party Decision Making: From Conflict to Resolution
Assemble concepts, tools, and skills for applying the DQ Framework in multi-party situations.
Scenarios and Forecasting: Planning for Uncertainty
Improve strategic decision-making with enhanced forecasting methods and by leveraging scenarios to foster insight.
Resources
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Decision Quality: Strategic Decision Making Through Framing & Alternatives
Framing and finding alternatives are key links in the decision quality chain; necessary for determining if a decision is good or not. -
Decision Quality: Strategic Decision Making Through Information & Values
Decision quality is a strategic decision making process used to judge the quality of a decision at the time it is being made. -
Decision Making: The Good, the Bad, and the Ugly
Why do seemingly good decisions sometimes turn out all wrong? Conventional thinking often confuses decisions with outcomes.