“The Art of Making Decisions”

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The Art of Making Decisions

Decisions can have huge consequences. One decision, right or wrong, can change your career - even your whole life. 

Yet, we aren't educated in how to make good decisions.

Our decisions are driven by qualitative interpretations of quantitative data. People interpret the data they receive, based on “feelings”. This is subjectivity.

Most people rely on common-sense, experience, judgment, gut-feel, etc. We firmly support this view. However, the massive information overload, choice overload, and human limitations, has created a problem for decision-makers.

Poorly defined objectives, uncertainty of information and multiple criteria & candidates, further complicate the decision-making process.

The solution is to incorporate analytics, into the decision-making process; we must also validate our decisions, through what-if analyses.

The speaker will present the common pitfalls we face; discuss the fundamentals that govern decision-making, and offer robust techniques to make better, defensible decisions.

 

In this interactive session, you will learn:

• That in today’s world of information overload, common-sense, experience, and intuition is not sufficient.
  
• Never to make any decision of consequence, without identifying relevant criteria (criteria segregation), and assigning weights in a defensible manner.
  
• That all decisions must be able to withstand a sensitivity analysis (N-1, Analysis)
  

The cost of not knowing what Errol teaches can be huge!
What makes matters worse is that you often don't know where you went wrong. 

Don't Miss this 90-minute, info-packed meeting. 

Register Now!

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PRESENTER

Dr. Errol Wirasinghe has an expansive career history and multiple roles, such as Oil & Gas Engineer, Research Scientist, University Professor, Management Consultant, Director of a Public Utility, and Big-Brother. He also owned several retail stores, and founded a leasing company.

He graduated as Valedictorian from Teesside University, U.K. specializing in Mechanical Engineering, and went on to obtain his Ph.D. in Fluid Mechanics, having won a scholarship from the prestigious “Confederation of British Industries”.

Dr. Wirasinghe has carved out a niche as a “decision-maker” and a “creative-thinker”, to shatter the myth and math of decision-making. He is the author of the book “The Art of Making Decisions” and also the developer of the XpertUS Decision Support System. Several Fortune 500 companies have embraced his course – A Holistic Approach to Decision-Making.

He has lived, worked and trained professionals in Asia, Mid-East, Africa, Europe, North America and South America. He spent 11 years in Venezuela, working for Petroleos de Venezuela, and the University of Zulia, where he lectured in Spanish. He has a thorough understanding of diverse cultures and values.

In July 2008, he was honored by the Society of Petroleum Engineers as one of their 2009-10 Distinguish Lectures. As a subject-matter expert [on decision-making] Dr. Wirasinghe will be deliver a series of lectures in several countries, representing the Soc. of Petroleum Engineers. He has published several papers on topics relating to Management, Engineering and Economics.

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