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Decision Support Analysis

Decision support analysis represents the epitome of business judgment and logic: "If we do this project, then we should see these XYZ results." It requires sound, comprehensive assumptions, valid translation of expected results into numbers, and a correct view of risk factors that could delay, inhibit, or prevent the desired results.

Every executive wants valid information and analyses that improve the speed and quality of their decisions. Inevitably, though, decision analyses get infected with bias (often unintentional; sometimes not) or shallow assumptions or a poor understanding of risks and market realities. Just as often, the decision-maker or sponsor has too much on their plate to sufficiently gather the necessary inputs and construct the analysis (usually a business case.)

Deacon Lloyd's decision support services help companies analyze strategies, projects and new products. We help develop valid business cases that clearly and objectively assess opportunities and facilitate good, quick decisions. We can help with not only crafting decision analyses but also tailoring the process for developing future analyses. Sometimes our work focuses on portions of the overall analysis. Other times, we lead the the entire business case or analysis development, including but not limited to:

Solution Definition - articulating the problem, the objective of the project, the solution and its fit with corporate strategy
Costs / Benefits - gathering and quantifying the expected costs and benefits while defining and explaining assumptions
Implementation Plan - developing the plan for how the project will be completed, timing, people/resource requirements, and buy-in from necessary supporting groups
Scenario Planning - identifying and estimating likely changes in market dynamics or other risk factors that could impact the case
Financial Modeling - projecting impacts and timing to financial statements, cash flow, budgets, headcount, etc.
Sensitivity Analysis - evaluating impact of potential risk factors to the case
Presentation - packaging the case and associated presentation to ensure clarity and comprehensiveness at the proper depth

The best decision support analysis does not make the decision. It simply enables the decision-maker to more accurately assess the opportunity and risks and therefore improves the likelihood of a decision that creates value for the business.

Let us help you. Contact us now and ask about our new client specials for January 2011.

 
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