Elements of Decision Engineering
Decision making in many organizations has reached a complexity ceiling. Decision makers are inundated with information, constrained by ever-decreasing timeframes, and are swamped with complexity. In short, the needs of effective decision making have exceeded what can be achieved using informal approaches and improvised tools.
As in other disciplines that reached this watershed at some point during their histories (for example, construction and software engineering), a number of existing best practices are crystallizing into the emerging discipline of decision engineering. Following traditional engineering concepts, the essentials of decision engineering are outlined in the diagram below.
If the outcomes in other disciplines that adopted an engineering methodology are a guide, then the transition to decision engineering will have a dramatically positive effect on the timeframes, quality, and success of decision making.
Hover your mouse over rectangles above for an explanation.