The decision making is the process of choosing between alternative courses of action to achieve a desired outcome or goal.
Decision Science
All Questions carry equal marks.
All Questions are compulsory
All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.
7004SSLA – Decision Making and Risk – CW1
1. Identify and critically evaluate sources of data and information and use data to make strategic decisions.
2. Comprehend the range of tools and techniques available as support for decision-making.
3. Critically assess the various influences and factors affecting the process of decision-making.
4. Identify and analyse risk-based decision-making to make informed choices