Course

Decision-Making Tools and Techniques | PPMT.X418

Project managers are, above everything else, decision makers and problem solvers. A project manager's effectiveness is directly proportional to his or her decision-making ability. This course is for those professionals who want to improve their decision-making skills through the use of modern-day computer tools and techniques. Participants learn how to make effective decisions relating to project schedules, product design trade-offs, project cost estimating, problem solving and project risk analyses. Examples, in-class exercises and homework using spreadsheet techniques and Internet tools enable participants to become confident in the use and application of practical decision-making methods.

Learning Outcomes

At the conclusion of the course, you should be able to

• Recognize need of soft skills and make effective group decisions using soft skills
• Understand and apply decision making process while making decisions
• Make effective decisions using Analytical Hierarchical Process and Decision Trees
• Effectively handle project cost and budget uncertainties by making right decisions and tradeoffs

Topics Include

• Spreadsheet modeling and decision analysis
• Decision tools for project schedule management
• How to make multicriteria decisions using the Analytic Hierarchy Process (AHP
• Making effective project cost decisions
• How to use computer tools to optimize product designs
• Decision trees: when and how to use them
• How to make decisions when dealing with schedule and cost uncertainties
• How to select the most appropriate decision-making tool

Professional Credit

The Project Management Institute (PMI)®--PMP® 15 Professional Development Units.