One of the most frequently used and effective decision making techniques can be summarized in the following 7 steps.
Step 1: Identify the problem/situation for whicj you need to make a Decision. What exactly is the problem, for which you need a Decision to be made?Step 2: Collect information based on different parameters. This step can also be called as collecting the facts and impacts of the problem?
Step 3: Identify the various possiblities. Prepare a list of the possiblities the problem can be solved and rate each possiblities between 1 to 5 in terms of its consequences on your Decision.
Step 4: Evaluate each possiblities in terms of its consequences. Use your standards and judgement criteria to determine the cons and pros of each alternative.
Step 5: Determine the best Option/possiblities you enlisted in step 5. This is much easier after you go through the above preparation steps.
Step 6: Evaluate the outcome of your decision.
