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Modeling and Analytics for Strategic Insight

February 13-14, 2023 - UT Campus ($2,950) || On-Demand - Online ($1,295)

Enroll in Modeling and Analytics for Strategic Insight

Upcoming Sessions

Class Details

Strategic Decision and Risk Management

Date

On Demand

Instructors

Eric Bickel

Robert Hammond

Location

Online

Strategic Decision and Risk Management

Date

02/13/23 - 02/14/23

2 Days

Instructors

Eric Bickel

Robert Hammond

Location

HYBRID

UT Campus

Live Online

Modeling and Analytics for Strategic Insight

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

02/13/23 - 02/14/23

2 Days

Instructors

Eric Bickel

Robert Hammond

Location

HYBRID

UT Campus

Live Online

Class

Concentration

Date

Location

Instructors

Modeling and Analytics for Strategic Insight

Strategic Decision and Risk Management

On Demand

Online

Eric Bickel

Robert Hammond

Modeling and Analytics for Strategic Insight

Strategic Decision and Risk Management

02/13/23 - 02/14/23

2 Days

HYBRID

UT Campus

Live 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.
Excellent Analytical Methods
Excellent course for both general decision making processes and analytical methods.
Man standing in front of conference table in office.

Instructors

  • Eric Bickel
    Eric Bickel Headshot
    Eric Bickel

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

    Learn More
  • Robert Hammond
    Robert Hammond

    Consultant, Strategic Decisions Group

    Learn More

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

  • 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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