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Decision and Risk Analysis

November 16-17, 2022 | UT Campus | $2,950

 

Enroll in Decision and Risk Analysis

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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

  • 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.
Excellent Course
Excellent course for both general decision making processes and analytical methods.
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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.

 

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.
  • Man in white shirt looks at a tablet.

    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.
  • 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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