April, 2012

All the posts published.

Problem   How to evaluate options using a Decision Tree ? . Action   Decision tree analysis allows a user to visually evaluate decision options and possible outcomes Good technique to use then edcision analysis is serial – that is one decision and alternative leads to another set of alternatives. Technique can be used to factor in the probabilities of each outcome as best known or historically known while evaluating …

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Problem   How to evaluate options using a Decision Matrix ?   . Action   Decision matrix is similar to a Morphologic box however it differs in the way that it assigns weights to each solution characteristic and asks you to evaluate on a simple numeric scale of 1 to 5 — in terms of how much each option contributes to each characteristic ?     The important part is …

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Problem   How to chose between two options using the Morphologic box technique ?   . Action   When facing more than a couple of decision options, this technique allows one to look to linkages between individual criteria that we might seek to be met. The Morphologic box (developed by Fritz Zwicky, a Swiss Astronomer) is a digestible easy-to-evaluate form of analyzing a problem and evaluating its possible solutions The …

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Problem   How to chose between two decision options using the Combining Options technique ?   . Action   If one has only two options, it’s critically important to consider a possibility that they aren’t mutually exclusive; that is both can be executed without working against each other in any noticeable way. In many cases when problem solving, the choice of whether to execute two or more options simultaneously comes …

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Problem What is a typical problem solving sequence in day to day product decisions ?   . Action Below is a common flow for streamlining most of the problem solving approaches.   Outcome A well stage-gated process of making a thorough decision or solution of a problem. Source: Haines, S. (n.d.). The Product Manager’s Desk Reference.

| 2012 April