What is Decision Quality?
We make thousands of decisions every single day. The decisions we face relate to an almost infinite range issues and level of complexity. We are more frequently required to make decisions in an uncertain and unpredictable world. However, despite this, very few are trained in decision making, and many are not familiar with the decision tools and science that underpins the decision process. As a result poor decision making is a very common and many decisions we make may be classed as sub-optimal decisions. We frame incorrectly, introduce or have inherent biases, poor or incorrect assumptions affect the process and we may be guilty of irrational thinking and analysis. Or more commonly we may be subject to issue or option advocacy – where we are sold the option or alternative.
We need a framework or process
So we can see that by poor framing or bias, we don’t consider all the alternatives and subsequently leave value on the table. We do not address and manage risk or understand the uncertainty surrounding the decision. Subsequently we leave value on the table. While decision making science and analysis tools and techniques are being considered – we need to address the quality of the decisions – we need a framework or process that will make the process transparent and be the honest broker in decision making.
DQ is such a framework that can address: framing, de-biasing, analysis of alternatives and ions, consolidate the strength of knowledge and information, values and trade-offs, reasoning and rationality, commitment to action. This framework proposed captures the quality of decisions, with the evidence that all decisions share six common elements which are described below. These elements allow us to assess and address decision quality while and governance or review of the process and ability to ask some pertinent questions during the decision process! The decision quality framework will not only help us succeed in making good decisions and by fulfilling the requirements of decision quality we can make the process easier and ensure that we are making good decisions in an uncertain and complex world – governance and assurance will be achieved. If things change we can revisit, update, justify or change the decision.