Make informed decision with Preference

In order to fully evaluate different courses of action and to avoid unnecessary and unconscious risk exposure, it is wise to employ a structured working process. Preference supports you in analysing decision situations and streamlining decision processes where uncertainty, risk, and conflicting objectives prevail.

Sectors at present commonly exploiting the benefits of risk and decision analysis include banking & finance, insurance, healthcare, oil & gas, management consulting, the pharma industry, environmental consulting and project management.

The purpose of the decision analysis is to improve the ability of one or more decision makers to make more informed decisions.

  • The clearly defined work processes identify the elements of the decision-making. Preference Decision Management Process ™ enables tailored and structured decision analysis.
  • The decision maker gets a good overview of the decisions material and significantly enhances the ability to get a clear overall view of the problem.
  • In the process it will be clear if more information is necessary before an informed decision can be made.
  • Other benefits include that the decision is documented and that the decision data easily can be reviewed and adjusted. It facilities also the old decision can be revisited and reevaluated.

Preference staff have many years of experience in successful decision analysis projects and could have a critical impact on the success of a project. A decision analysis assumes that decisions are defined by decision makers or experts’ assessments of the likely consequences of various policy options are, as well as a method for evaluating or ranking of these. In many cases also defines the objectives (criteria) that the decision maker wants to achieve or take into account and whether they are in conflict with each other. In these cases, it is then possible to weight the criteria to each other and determine different degrees of trade-offs. An important part of the analysis is also studying the sensitivity of different policy options is the uncertainty in the information given. Contact Preference if you want to use decision analytical methods in your organization.