Decision Making Situation Assignment PDF
Added on 2021-04-24
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Running head: DECISION MAKING SITUATIONDECISION MAKING SITUATIONName of the StudentName of the UniversityAuthor Note
1DECISION MAKING SITUATION Executive SummaryProject managers has responsibility of managing situations where they may need toinfluence consultants, contractors or staffs over whom they have full or no direct control. Thereare several situation where managers need to make a decision for implement a successful project.This report widely discussed about the Handling uncertainty in Capital Investments,Classification of Decision Situation and Terminology Used in decision Analysis. This report willanalyze the decision making situation for a storage facility of Data Center Enhancements Inc.and widely discussed terminology, cost investment and scalar principle regarding choosing thecorrect option.
2DECISION MAKING SITUATION Table of ContentsIntroduction......................................................................................................................................3Discussion....................................................................................................................................3Project kick-off meeting..............................................................................................................3Handling uncertainty in Capital Investments..............................................................................4Classification of Decision Situation................................................................................................5Terminology Used in decision Analysis......................................................................................5The Scalar principle.....................................................................................................................7Conclusion.......................................................................................................................................7References........................................................................................................................................9
3DECISION MAKING SITUATION IntroductionA decision making situation can be define as a critical situation where an organizationdemand for managerial decision making process to expand their organizational performance, toavoid damages or select and evaluate alternatives. In most of the cases decision is an opinion,judgment or position get hold of after consideration. Data Center Enhancements Inc. is anadvanced IT consulting company specialized in large-scale infrastructure design and strategicplanning services is currently working on a project to enhance their services and implement theirbusiness to upper level. As they are trying to increase their business their storage facility alsoneeds to update. The company want to implement their storage facilities to reduce their capitalexpenditures, increase system agility and enhance systems management. There is mainly twoway the storage service can be implement as a new in house facilities or cloud. Now the decisionmaking team is to consider all option and make a suitable decision that suits the company. Itinvolves judgment, thinking and measured action to allocate unalterable distribution of capitalswith the determination of reaching a preferred objective. It also has its essence in economictheory include ascription of meaning, information seeking and subsequent execution action.Eventually, the purpose of decision making is to lessen uncertainties among what actually occursand what was estimated to occur. Cost, time and scope are the main fundamentals of any project.This three constrictions is certain to affect the task’s outcome. Over decision making it is notessential to plot for risks however reality check can ensure the correct path to be taken.Discussion Project kick-off meetingIt is essential for this project to get a successful start for focusing on real issue and awareof peculiarities of stakeholders (Ford and Richardson 2013). According to one experienced
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