Course Details
ENROLL IN THIS COURSE
Upcoming Sessions
Class Details
Strategic Decision and Risk Management
Date
On Demand
Instructors
Eric Bickel
Robert Hammond
Location
Online
| Modeling and Analytics for Strategic Insight |
Strategic Decision and Risk Management |
|
|
Date On Demand |
Instructors Eric Bickel Robert Hammond |
Location Online |
|
Class |
Concentration |
Date |
Location |
Instructors |
|
|---|---|---|---|---|---|
| Modeling and Analytics for Strategic Insight |
Strategic Decision and Risk Management |
On Demand |
Online |
Eric Bickel Robert Hammond |
-
CREATE MODELS THAT GAIN COMMITMENT
Decision models are created to generate insights to guide and inform strategic decision-making. This class will equip you to answer questions like: Which strategic alternative creates the most value? Why is it better? How much risk does it entail? What are the most important sources of risk? Create models, extract powerful insights, and present analysis results for complex strategic decisions.
What You'll Learn
Design Models
- Use influence diagrams to help structure a model
- Design models with a parametric approach to maximize insights
- Anticipate decision-makers’ questions and design in features to answer them
- Learn gold standards for developing decision models in spreadsheets
- Build a decision model for a typical business strategy situation
- Discover how to create flexible models that allow you to analyze multiple strategic alternatives
Assess Error and Risk
- Learn best practices for diagnosing and preventing errors in your model
- Understand sensitivity analysis and the information it provides
- Conduct probabilistic analysis to general additional insights and understand risk
Communicate Insights Derived
- Identify how to effectively communicate the insights derived from your model
- Create models that answer executives' questions, produce compelling analyses, and ultimately gain commitment.
Attending this Course
-
Individuals
Those who want to make better decisions, especially when outcomes are uncertain and when risks include financial and non-financial impacts. -
Teams
Organizations often send pairs or small teams, to support the launch of new initiatives. -
Requirements & Credit
There are no formal prerequisites for SDRM classes, but we recommend starting with Decision Quality to learn the fundamentals. Participants earn 1.4 CEUs and/or 14 CPEs for this course, as well as a certificate of completion.
Looking for University Credit?
Our classes are available for university credit. Please contact Elizabeth Krieg for more information.
Excellent course for both general decision making processes and analytical methods.
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.
On-Demand Course Information
The following information applies to the On-Demand class ONLY.
- The on-demand version of this course is self-paced and online. You may register and begin the class at any time and you will have 60 days to complete the class.
- You should expect to dedicate 18 to 22 hours to watch videos and complete assignments. At the end of each module, you will take a short quiz to assess your learning.
- Once you have completed all modules, you will take the final exam. You are required to score 70% or higher on the final exam to pass the class and earn a credit for the course. You may take the final exam as many times as you wish until you pass.
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
-
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. -
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. -
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.