Decision Analysis For Project Managers

  • Decision Analysis for Project Managers


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synopsis

Decision Analysis for Project Managers is a three-day course. An integral part of a project management system, making quality decisions covers various requirements, such as clear decision-making roles and responsibilities, supporting behaviours, procedures, and tools. A project manager is accountable for making quality decisions on a project to maximise the return on capital investment. Several interdependent processes, each supportive of the others, form the overall decision-making process. This course focuses on implementing a structured strategy for all types of decisions. It covers Organizational Capability for Decision Making, Decision Analysis, and Decision Quality. This course promotes a comprehensive application of proven project management practices. We aligned this course with the latest version of A Guide to the Project Management Body of Knowledge® (PMI® Guide to the PMBOK®).


Are you ready to elevate your project management game? Discover the secret to project success with our 'Decision Analysis for Project Managers' course. In three days, you will master the art of making strategic, data-driven decisions that drive results and maximise ROI. Whether you're a seasoned project manager or new to the field, this course empowers you with the knowledge, tools, and techniques to excel in the complex world of project management. Aligned with the latest PMBOK® Guide, our expert instructors will guide you through interactive sessions, hands-on exercises, and real-world case studies, ensuring you can tackle any project challenge. Do not miss this opportunity to enhance your decision-making skills and boost your career. Enrol now and start your journey towards project management excellence!


You can attend this course in one of the following formats: 

  1. instructor-led training in a live, virtual classroom,
  2. e-training (on-demand),
  3. instructor-led training in a live classroom, and
  4. blended (on-demand and live sessions).

you will learn how to

At the end of this course, you should be able to:


  • Enhance decision-making skills.
  • Integrate decision analysis.
  • Improve decision quality.
  • Optimise resource utilisation.
  • Strengthen communication and collaboration.
  • Align with project management standards.
  • Enable continuous improvement.
  • Empower diverse audiences.
  • Apply learning to real-life scenarios.
  • Increase project success rates.
  • This course uses digital materials.

audience

The audience for the "Decision Analysis for Project Managers" course includes:


  • Project Managers: We designed this course for project managers with various experience levels. Whether you are a seasoned project manager or just starting your project management career, this course equips you with essential decision-making skills and strategies to enhance your project management effectiveness.
  • Project Team Members: Team members actively involved in project decision-making processes can also benefit from this course. Understanding the principles of decision analysis and decision quality can improve their contributions to project success.
  • Business Analysts: Business analysts responsible for gathering and analysing project requirements often play a crucial role in decision-making. This course provides tools and techniques to support decision analysis and ensure that requirements align with project objectives.
  • Executives and Leaders: Senior executives and leaders who oversee project portfolios can gain insights into decision-making processes within their organisations. This knowledge allows them to make informed decisions about project investments and resource allocation.
  • Professionals Pursuing Project Management Certification: Individuals preparing for project management certifications, such as the Project Management Professional (PMP) or Certified Associate in Project Management (CAPM) from PMI, can benefit from this course as it aligns with the latest version of the PMBOK Guide, an essential reference for these certifications.
  • Professionals Seeking Continuous Improvement: Any professional who wishes to enhance their decision-making skills, especially within project management, can find value in this course. It provides practical knowledge and tools that participants can apply in various industries and roles.
  • Organisational Decision-Makers: Individuals responsible for making strategic decisions related to project investments, resource allocation, and risk management can gain insights into the decision-making process, enabling them to make more informed and effective decisions.


This course caters to a diverse audience involved in project management and decision-making processes, regardless of their experience level or specific industry. It equips participants with the knowledge and skills to make better decisions and drive project success.

OUTLINE

  • MODULE 1: INTRODUCTION TO DECISION-MAKING IN PROJECT MANAGEMENT

    At the end of this module,  you should be able to:

    1. Understand the critical role of decision-making in project management.
    2. Recognise the responsibilities and expectations of project managers in the decision-making process.
    3. Identify the course objectives and structure.

  • MODULE 2: DECISION-MAKING ROLES AND RESPONSIBILITIES

    At the end of this module, you should be able to:

    1. Define and differentiate decision-makers and stakeholders in project management.
    2. Clarify roles and responsibilities within decision-making teams.
    3. Develop strategies for building effective decision-making teams.

  • MODULE 3: SUPPORTING BEHAVIOURS IN DECISION-MAKING

    At the end of this module,  you should be able to:

    1. Recognise the significance of effective communication in decision-making.
    2. Foster a culture of trust, openness, and collaboration within project teams.
    3. Learn techniques for handling conflicts and disagreements constructively.

  • MODULE 4: INTRODUCTION TO DECISION ANALYSIS

    At the end of this module, you should be able to:

    1. Describe the decision analysis process and its importance.
    2. Differentiate types of decisions and understand their impact on project outcomes.
    3. Learn data collection and analysis techniques for decision-making.

  • MODULE 5: DECISION MODELING AND QUANTITATIVE ANALYSIS

    At the end of this module, you should be able to:

    1. Utilise tools and techniques for decision modelling.
    2. Evaluate alternatives using quantitative methods such as cost-benefit analysis.
    3. Perform risk analysis and sensitivity analysis to assess decision robustness.

  • MODULE 6: DECISION SUPPORT TOOLS

    At the end of this module, you should be able to:

    1. Understand the role of decision support software in the decision-making process.
    2. Gain hands-on experience with decision support tools through practical exercises.
    3. Analyse real-world case studies to apply decision support tools effectively.

  • MODULE 7: ASSESSING DECISION QUALITY

    At the end of this module, you should be able to:

    1. Define the components of decision quality.
    2. Establish metrics and criteria for evaluating decision quality.
    3. Explore methods for continuous improvement in decision-making processes.

  • MODULE 8: IMPLEMENTING A STRUCTURED DECISION STRATEGY

    At the end of this module, you should be able to:

    1. Develop a structured decision-making framework for projects.
    2. Create decision matrices and criteria to guide decision-making.
    3. Monitor and adapt decisions throughout the project lifecycle for optimal outcomes.

  • MODULE 9: COURSE WRAP-UP AND APPLICATION

    At the end of this module, you should be able to:

    1. Recap key concepts and tools learned throughout the course.
    2. Apply decision analysis principles to real-life project scenarios.
    3. Create an action plan for integrating decision analysis into project management practices effectively.

Decision Analysis for Project Managers FAQs

  • What background do I need for this course?

    No XXXX experience is required. 

  • Is the on-demand content the same as the 4-day instructor class?

    The content and concepts are very similar. We designed the on-demand class to be suitable for a digital, self-study format.

  • What will I receive in the self-study, interactive course?

    At the end of this course, you will receive: 


    • 32 hours of content,
    • a printable student guide, 
    • interactive video lessons with personalized navigation,
    • instructor email support,
    • a student discussion board where you can engage and chat with other students,
    • interactive games, 
    • Interactive learning assessments, and
    • practice exams.

  • How will I access my course materials if I choose on-demand method?

    When we receive the payment, you will receive an email from INDENTRA LTD. with all the links and information you need to get started.

  • How can I sign up for a review session or an Instructor-led version of this course?

    Once you enroll in the course, INDENTRA LTD will send you an email with the specific details and dates.

  • How to schedule my instructor-led training?

    At any time, you may call or email our customer service team for assistance in enrolling in the event date of your choice. Alternatively, you can choose to use the online scheduling feature.

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