Selecting a risk-based tool to aid in decision making
Selecting a risk-based tool to aid in decision making is as much of a challenge as properly using the tool once it has been selected. Failure to consider customer and stakeholder requirements and the technical bases and differences in risk-based decision making tools will produce confounding and/or politically unacceptable results when the tool is used. Selecting a risk-based decisionmaking tool must therefore be undertaken with the same, if not greater, rigor than the use of the tool once it is selected. This paper presents a process for selecting a risk-based tool appropriate to a set of prioritization or resource allocation tasks, discusses the results of applying the process to four risk-based decision-making tools, and identifies the ``musts`` for successful selection and implementation of a risk-based tool to aid in decision making.
Year of publication: |
2009-11-04
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Authors: | Bendure, A.O. |
Subject: | mathematics, computers, information science, management, law, miscellaneous | DECISION MAKING | ORGANIZATIONAL MODELS | FLOWSHEETS | PLANNING | TRAINING | US DOE |
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