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Decision and Risk Analysis

  • Become a Better Decision Maker

    Most of us were never trained how to make good decisions, yet we make decisions every day, after all. 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.

Benefits

Most of us were never trained how to make good decisions. A primary reason for this seems to be, as we explore in this course, an unfounded belief that we are naturally good at making decisions. Explore the foundations of decision quality and how to use a rigorous analytic framework to make better decisions in your personal and professional life.

 

  • Develop tools and mental frameworks that will allow you to deal effectively with uncertainty
  • Revise your beliefs after gathering additional information using proven methods
  • Examine and quantify the value created by gathering additional information
  • Quantify your appetite for risk and how to factor this into your decision making
  • 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

Enrollment Options

  • Individual Enrollment

    Enroll in this course as an individual for $2,950.
  • Group and Custom Enrollment

    Enroll as a team, or customize this program for your organization.

Upcoming Sessions

Class Details

Strategic Decision and Risk Management

Date

11/16/22 - 11/17/22

2-days

Instructors

Jim Dyer

Eric Bickel

Location

UT Campus

Decision and Risk Analysis

Strategic Decision and Risk Management

Date

11/16/22 - 11/17/22

2-days

Instructors

Jim Dyer

Eric Bickel

Location

UT Campus

Class

Concentration

Date

Location

Instructors

Decision and Risk Analysis

Strategic Decision and Risk Management

11/16/22 - 11/17/22

2-days

UT Campus

Jim Dyer

Eric Bickel

Excellent Course
Excellent course for both general decision making processes and analytical methods.
Tall tower building at the Univeristy of Texas with a blue sky and clouds.

Who Should Attend?

The skills developed in all our Strategic Decision Making courses are applicable for a variety of professionals across verticals. Whether you work for a global corporation or a small business, we can help.

 

Specifically, these courses are tailor for those who:

 

  • Want to make better decisions, especially when outcomes are uncertain and when risks include financial and non-financial impacts.
  • Want to develop better processes for decision making within their team or across their organization.

 

There are no formal prerequisites for these classes but we recommend that those interested in the topic should start with our Decision Quality class to learn the fundamentals.

Why Take This Class?

 

Instructors

  • James Dyer
    James Dyer Headshot
    James Dyer

    The Fondren Centennial Chair in Business, Department of Information, Risk & Operations Management

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  • Eric Bickel
    Eric Bickel Headshot
    Eric Bickel

    Professor and Director, Graduate Program in Operations Research & Industrial Engineering

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Demonstrate Your Expertise with a Certificate

  • 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.
  • 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.

 

Other Strategic Decision and Risk Management 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.

Learn More

Human Biases in Decision Making: Avoiding the Traps

Understand the ways in which your mind, personality, and social structures can degrade your decision-making.

Learn More

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.

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Modeling and Analytics for Strategic Insight

Create models that answer executives' questions, produce compelling analyses, and ultimately gain commitment.

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Multiparty Decision Quality: Collaboration and Competition in Decision Making

Assemble concepts, tools, and skills for applying the DQ Framework in multi-party situations.

Learn More

Scenarios and Forecasting: Planning for Uncertainty

Improve strategic decision-making with enhanced forecasting methods and by leveraging scenarios to foster insight.

Learn More

Resources

  • Hand holding up magnifying glass with trees in the background.

    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.
  • Drawing of a head with post-its inside it.

    The Danger of Mental Shortcuts: How Biases Can Sabotage Your Best Decisions

    The human intellect is extremely powerful and capable. But our minds have evolved with biases that work against good judgment and decision making.
  • People stand in front of a computer in an office.

    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.

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