A well suited analytical approach
Good when the decision structure has few chance and decision nodes
Requires the end node consequence to be expressed as in terms of a single number
Where decision alternatives can be easily monetized
The trade study is most commonly used by SE
Frame the decision
Develop objectives and measures
Generate creative alternatives
Assess alternatives
Synthesize results
Identify uncertainty
Sensitivity analysis
Improve the alternatives
Communicate trade-offs
Improve alternatives
Present recommendation and Implementation Plan
MODA
Annotations:
Establish the decision concept
Identify options to be appraised
Identify objectives and criteria
Scoring
Weighting
Combine the weights and scores for each option to derive overall value
Examine the results
Sensitivity analysis
Make and manage decisions
Key Thought
Annotations:
Positioning decision management as a critical SE activity will ensure efforts are rightfully interpreted as relevant and meaningful and thus maximize the discipline’s value proposition to new product developers and their leadership
Key thought
Annotations:
A formal decision management process is the transformation of a broadly stated decision situation into a recommended course of action and associated implementation plan