decision-and-risk-analysis

Decision and Risk Analysis

Explore the foundations of decision quality and how to use a rigorous analytic framework to make better decisions in your personal and professional life.

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Overview

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. We do it every day, after all. Yet, the research is overwhelming that individuals are prone to many decision-making mistakes, even in simple situations. This problem is even more prevalent when we must make decisions under uncertainty. In this course, we will discuss how you can become better decision makers in both your personal and professional lives.

This class is available for university credit. Please contact Lynn Slattery at Lynn.Slattery@mccombs.utexas.edu or 512.471.5893 for more information.

Strategic Decision and Risk Management

Clarify problems, explore available options, develop a structured framework, understand the impact, and commit to your choice.

Two Day Concentrated Program

Registration begins at 8:00 a.m. and class runs 8:30 – 4:30 both days with a one-hour lunch.

Strategic Decision Professionals

Our partnership with SDG combines UT's academic research and SDG's real-world experience in decision consulting to create an unmatched learning experience.

Benefits

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

Additional Information

Prerequisites:None
CEUs: Participants earn 1.4 CEUs and/or 14 CPEs for this course. A certificate of completion will be presented from Texas Executive Education.
Course Credits: 1.0
Hotel Information: Texas Executive Education classes qualify for discounted hotel room rates at the AT&T Executive Education and Conference Center on a limited basis. Discount code will be provided on the course materials page after class registration is complete.

Faculty

James Dyer

Dr. James S. Dyer holds the Fondren Centennial Chair in Business in the McCombs School of Business.. He served as chair of the Department of Information, Risk, and Operations Management for nine years (1988-97).

Eric Bickel

Dr. Eric Bickel is a professor and director of the Operations Research & Industrial Engineering program at The University of Texas at Austin. In addition, he holds a courtesy appointment in the Department of Information, Risk, and Operations Management in the McCombs School of Business and is the Academic Director of the Strategic Decision and Risk Management (SDRM) certificate program. He also directs the Center for Engineering and Decision Analytics (CEDA) and the Engineering Management program.

Upcoming Sessions

Texas Executive Education

McCombs School of Business