Decision-Making Tools and Techniques

Project managers are, above everything else, decision makers and problem solvers. A project manager's effectiveness is directly proportional to his or her decision-making ability. This course is for those professionals who want to improve their decision-making skills through the use of modern-day computer tools and techniques. Participants learn how to make effective decisions relating to project schedules, product design trade-offs, project cost estimating, problem solving and project risk analyses. Examples, in-class exercises and homework using spreadsheet techniques and Internet tools enable participants to become confident in the use and application of practical decision-making methods.

Topics include:

  • Spreadsheet modeling and decision analysis

  • Decision tools for project schedule management

  • How to make multicriteria decisions using the Analytic Hierarchy Process (AHP)

  • Making effective project cost decisions

  • How to use computer tools to optimize product designs

  • Decision trees: when and how to use them

  • How to make decisions when dealing with schedule and cost uncertainties

  • How to select the most appropriate decision-making tool

  • [Former #5990]

Suggested Prerequisites :

Offering code Offering title
PPMT.X400 Role of the Project Manager