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Judgment is the 'Achilles Heel' of corporate decision-making. It happens inside the head of the decision-maker and relies on hidden assumptions, speculation and personal experience. It differs from person to person and day to day. Managers and executives must rely on their own judgment and that of others, often with little time, information, or consultation. Customer-facing employees use judgment moment-by-moment.
Decyde Inc. combines rubrics and a 7-step framework with the DWENA engine to lower the risks inherent in judgment-based decision-making. The rubrics and framework manage the complexity when there are multiple factors, and the evidence is unstructured and hard to measure. DWENA manages the risks inherent in the judgment process. The combination is DecydeWare, a web-based decision support system.
DecydeWare:
- Brings consistency, transparency, and mathematical rigor to judgment-based decision processes.
- Provides an audit trail that explains and/or justifies decisions.
- Can answer the "What if?" questions. Or, be used to reflect on the past and speculate about the future.
- Can make exemplary decision-making practices uniform across the enterprise
- Helps corporate decision-makers hone their skills by simulating judgment-based decision-making.
Let DecydeWare help your organization make the best decisions possible.
Contact us to learn more about DecydeWare and:
Governance, Risk & Compliance (GRC), Enterprise Risk Management
Disaster Recovery & Business Continuity
Basel II Implementation in Banking, Sarbanes-Oxley Implementation in Financial Services
Risk & Control in Investment Portfolio Management
Regulatory Oversight, Professional Self-Regulation
Performance Review
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