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Planning How Help in Decision Making

Group MembersNAME STUDENT ID

Fahim Hasanul Islam 1503Mukhter Yead Ansary 2601

Md. Mustafizur Rahman 1493S.M. Hasib Reza 1480

Tithi Dutta 2311Md. Mostafizur Rahman 2329

Monira Ahmed Ami 2313Homayra Rahman 2307

Tasnim Sultana Juthy 2308Fatema Afroz 1475

What is Planning?

(Author and

founder of the

Strategic Planning Society)

– John Argenti

A plan is a list of

actions arranged

in sequence is thought

likely to achieve

an objective.

Selecting missions and objectives as well as the

actions to achieve goal, which requires decision making, that is, choosing a course of action

amongst all alternatives.

Steps in planning: * Being Aware of Opportunities *Establishing Objectives * Developing premises * Determining alternative Courses *Evaluating alternative courses * Selecting a Course * Formulating Derivative Plans * Quantifying plans by Budgeting

What is Decision Making?

"No sensible decision can be made any longer without taking into account not only the world as it is, but the world as it will

be. . ."

- Isaac Asimov

The process of examining your possible options, comparing them, and choosing a course of

action

Relationship between Planning and Decision making

Planning for Decision Making

While decision making without planning is fairly common, it is often not pretty. The terms used to describe it--crisis management, putting out fires, seat-of-the-pants governing--all reveal the inelegance and awkwardness of this way of life. Planning allows decisions to be made in a much more comfortable and intelligent way. Planning even makes decisions easier by providing guidelines and goals for the decision. We might even say that planning is a type of decision simplification technique.

Four major benefits to planning for Decision making:

Planning allows the establishment of

independent goals

Planning provides a standard of measurement

Planning converts values to action

Planning allows limited resources to be committed

in an orderly way

Decision Levels

StrategicTactical

Operational

This is a list of easy, practical techniques

that can be applied to simple or complex

decisions. They share the assumption that

circumspect analysis is the key to making good

decisions. Many decisions are made

with too little information and too

little thought, in a non-deliberate way.

Note how these techniques

provide a visible, structured, orderly

set of factors involved in a

decision, so that the decision maker can consider them

in a thoughtful and coherent way.

Six C’s of Decision making

1. Construct.

2. Compile.

3. Collect.

4. Compare.

5. Consider.

6. Commit

Six C’s of Decision making(Continued)

Construct a clear picture of precisely what must be decided.

Compile a list of requirements that must be met.

Collect information on alternatives that meet the requirements.

Compare alternatives that meet the requirements.

Consider the "what might go wrong" factor with each alternative.

Commit to a decision and follow through with it.

Decision Making StepsThere are many decision-making models. Here is another that is not nearly as insightful as the one above, but it is one that many of the students will be familiar with.

SWOT Analysis

How play role in Decision making?

Strength Attributes of the organization that are helpful to achieving the objective.

Weaknesses Attributes of the organization that are harmful to achieving the objective.

Opportunities External conditions that are helpful to achieving the objective.

Threats External conditions that are harmful to achieving the objective.

Any Questions?

Thank You