This presentation will examine an analytical and systematic approach for making complex business decisions. Participants will learn how to make good decisions based on logic after considering all available data and the possible alternatives. Decision tables and decision trees will be used to understand the expected risk and benefits of each decision in the process. A case study will examine the use of this approach as a small business makes decisions around the construction of a new building. The discussion will also include sensitivity analysis and maximum utility theory as important considerations in the decision making process.
Bradley A. Corbett, Ph.D. teaches International Business and Quantitative Analysis at Rajamangala University at Thanyaburi (RMUTT) in Thailand. He also holds the position of Adjunct Research Professor at the Ivey School of Business in Canada. Dr. Corbett previously worked for the Government of Canada from 2001 to 2015 as a Research Analyst at Statistics Canada. He also served on the Board or Directors for the PMI Chapter in London, Ontario, Canada.
This event qualifies for 2 Technical PDUs. If you are a PMI Thailand Chapter member, these PDUs will be registered for you by the Chapter. If you are not a member, you will have to submit these PDUs yourself. For more information on how to submit PDUs, follow this guideline.