Research in social, behavioural and decision sciences and associated collateral have emerged which take a wider view of decision-making and the elements/skills that are required to make good decisions. This approach complements mathematical-based decision analysis techniques by focusing on effective decision making based on judgement and critical thinking. This module provides important insight to the learner in both behavioural and technical aspects of decision making and judgements on projects. The overall aim of this module is to provide a project perspective on decision analysis, judgement and decision-making, and provide the opportunity to understand and apply the more widely used decision analysis techniques that can greatly enhance project management related decision making. It covers decision analysis and modelling tools and techniques, how uncertainty is overcome and explores cognitive and psychological aspects of making judgements on projects, particularly during crises.

Traditional decision analysis theory, rational choices in project management, decision analysis processes to help improve choices, utility and multi-criteria approaches, analytic hierarchy process, decisions analysis tools and techniques; basics of cognitive psychology and judgement, quantitative analysis and qualitative methods, behavioural aspects of judgment and decision making, effects of bias; modelling tools and techniques, simulations, decision models and uncertainty, sensitivity analysis; managing troubled projects, development of strategies for recovery, rescue plans.

Describe the role of decision analysis, judgement and decision-making in projects; Apply decision analysis techniques to enhance data analysis and by implication facilitate good decision making Describe the contributions of the cognitive psychologists with regards to the importance of judgement including the intuitive dimensions when taking decisions Integrate project risk management and decision making processes, tools and techniques Describe the principles of good crisis management and the associated decision making cycle when managing troubled projects.

Challenge decisions on projects using established decision analysis theories, and associated tools to determine most appropriate course of actions to deliver long term benefits.

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Synchronous and asynchronous methods will be used to deliver the module. Students will attend a series of lectures and tutorials and will be required to undertake tutorial exercises, tutorial tests and written assessment work as required through the semester. Learners will benefit by ensuring that a holistic approach is taken to decision making in managing projects thus ensuring that decisions are made in line with organisational goals and strategies to avoid uncertainty taking into account the cognitive and psychological issues pertaining. Learners will learn to adopt effective decision making strategies for given situations and be capable of applying selected tools and techniques as part of the decision making process.

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