making Decisions - Specifying Decision Criteria

#1. making Decisions - Specifying Decision Criteria

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making Decisions - Specifying Decision Criteria

You have a big decision to make. What criteria should you use to decide?

making Decisions - Specifying Decision Criteria

Decision criteria, or factors, are the definite measures that you will use to resolve which alternative is your best choice. It is foremost to identify all the factors relevant to your decision if you want to do a acceptable job. While it may be tempting to say that you cannot have too many factors, that may not be true. Too many factors may make the decision process so astonishing that you may not get through it. However, irrelevant factors have a way of exposing themselves pretty early in the process. They may not be truly measurable, or the information required may not be available.

It is also foremost to rank each factor. Factors are not equal in their importance. Your decision process must take this into account. An alternative may "fail" a single factor, but that factor may be so low in terms of point that it does not rule out that alternative.

Take the factors that are relevant to your decision and assign a desired value to each of them. It helps if you can think of the factors in simple terms: the factor target as a number, or a Yes / No answer, or as a value on a scale from 1 - 5. This is not completely necessary, but it does allow you to objectively correlate the factor's desired value with the alternatives' actual values in a methodical way. For example, you can use a scale to assign a value to something like "college reputation", with 1 being lousy to 5 being best in the country.

Next, narrative what the actual values are for each factor, for each of the alternatives you are considering. For some factors, each perspective (a perspective is anyone who has an plan or stake in the outcome of the decision) may have a separate score for each alternative.

Lastly, look at the factor's desired values and the alternative's actual values and resolve the best fit by perspective. This process will tell you which alternative is adored by perspective. If your decision's perspectives prefer separate alternatives, you have a solid basis to discuss the differences and arrive at the acceptable choice. If you're lucky, everyone agrees on the same alternative. If so, congratulations!

Factors are a very foremost part of the decision making process. Take the time to frame out what they are and which are the most important. You will not regret it.

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