How can decision support help you prioritize demands?

Depending on what aspect od life you want to focus on, SMART methodology can be both useful and limiting - due to the R meaning reasonable. Can you imagine Martin Luther King achieving what he did may he be “reasonable”? McDonald’s Colonel Sanders being “reasonable”? Mother Theresa being “reasonable”? Having bold dreams can give you a long-term fuel to get up each day. The habit of ferocity gives you the ability to consistently go for it. And flexibity/agility gives you good ground for success. Always aim on taking small, imperfect steps, every day.

We should also consider the number of short term and long term goals in specific contexts. I mean we should not be too ambitious, but be more realistic before we are working on decision supporting tools, as mentioned SMART or SWOT. The bottom line is that we could spend too much time on the methods and analysis due to several objectives, but might lose focus on execution plans.

When it comes to objectives and goal setting, we naturally will lean more short term or long term depending on the scenario. The challenge is to utilize smart goal setting to break the large long term goal into smaller increments. What can be done weekly to see an outcome in one quarter? Once that is identified, ensure the goal is SMART, as the article mentions, but pay close attention to measurable. I work with so many teams and individuals who set what they think are clear goals, but you can measure "improve on" or "grow in." Clarify that goal with how, the measurement that will prove it and then you take one giant step toward achievement.

To focus on the objectives I like to use Pareto, who helps you focus and focus on what will impact 80% of your results? Do you know how to generate the Pareto histogram and how to interpret it?

Decision support can be invaluable in helping you prioritize demands by providing structured assistance in the decision-making process. By utilizing decision support, you can leverage data-driven insights and analysis to make informed, effective prioritization decisions that align with your organizational objectives and resources.

In my experience, one of the most important things when evaluating alternatives is considering your life priorities outside of work. We often do not take stock of non-work factors to determine the best overall fit while making work-related decisions. Decision support tools are helpful, but don't replace assessing how options align with your personal life—that subjective element is just as critical for long-term balance and effective decision-making at work.

one of the more important but often neglected aspects of decision-making is unconscious bias. our unconscious bias - as it is so named - makes it difficult for us to realize when we are making less-than-optimal decisions. decision support tools that uncover our unconscious biases and reveal our decision-making patterns will be very useful in enabling us to make better decisions.

When you evaluate alternatives, one important opportunity that is frequently missed is the power of a mentor or supervisor in creating, challenging and holding you accountable in goal setting. These are leaders who win when you win, so they are great sounding boards to help you view things from different angles and challenge that your pushing in the right areas to succeed.

Totalmente de acuerdo, ir visualizando el camino, que puedo aprender para facilitarlo y hacerlo más ameno? Si mi proyecto es en el mismo rubro que estoy trabajando saber por ética que no puedo desarrollarlo hasta no cerrar la puerta. Entender que toda esa experiencia está ahí para ser compartida en un escenario positivo donde puedas sumar con amigos de la vida que afronten los aciertos y errores junto a ti. La innovación es el ancla de cualquier negocio, las personas sienten atracción por la inteligencia, la pregunta es que puedo mejorar día a día, siempre, siempre hay algo.

In the process of prioritizing demands, the next crucial step involves carefully assessing your alternatives. Consider the various options, strategies, and actions at your disposal to achieve your goals. Evaluate the pros and cons of each alternative, taking into account potential risks and uncertainties. This thoughtful analysis allows you to compare and contrast alternatives, weighing their potential impacts on your objectives. Decision support tools become valuable allies in this phase, offering data, models, and analyses to estimate and simulate the outcomes of your choices. For instance, a decision matrix can help rank alternatives based on multiple criteria, while a decision tree visualizes possible scenarios and consequences

There are various types of decision criteria that can be applied to this situation. They can be either formal or informal. Regardless of the selected criteria, it's important to also consider contextual factors, as the outcome of the same choice can be different based on the context.

Using the demand forecasting model with the historical data that the company has will make the proposed scenarios much more adjusted, also considering the environment of the industry where your company is located.

Está bien ordenar las ideas pero también tener en cuenta la percepción de que hay tiempo para todo y esperar más de lo necesario no es bueno. Preguntarnos si es la vida que queremos y cuál es la probabilidad de mejorarla desde todo punto de vista.

When prioritizing demands, the crucial third step involves applying specific criteria to determine the best course of action. To make this decision, consider factors that directly influence your needs, both personally and professionally. Balancing these aspects is key. By addressing these questions, you can effectively apply criteria and pinpoint the most suitable option for your unique situation. Decision support tools become invaluable here, providing methods to evaluate and rank alternatives based on your preferences and values. Techniques like pairwise comparison or scoring systems help determine the relative importance of criteria and assign points to alternatives accordingly.

Making decisions on prioritizing demands in not one time process, it's an ongoing activity. That's why the monitoring is very critical. The decision maker should collect feedback from by monitoring and apply those feedback when the next decisions are made. This feedback loop will eventually improve the decision-making process over the time.

In my opinion, although this is the fourth step in prioritizing demands, we should think about decision support or outcome monitoring in the first place. In a nutshell, for each target or objective, there is accompanying KPI or metrics to measure our performance. This KPI should be aligned with key stakeholders in the first place since we as a team will work together to achieve it. Sometimes we might come back to revise or alter the KPI since it is not relevant.

Checking in is critical to long term success. In the first 90 days, did you hit a short term goal. If not, run a diagnostic and document what did not work and what you learned? If you did, what did you learn and how can you apply it to the next phase and to other goals?

In the process of prioritizing demands, the fourth crucial step involves closely monitoring your outcomes. Determining the correctness of your decision, measuring progress, and evaluating performance are key considerations. It's essential to be adaptable, adjusting your plan when circumstances change. Addressing these questions allows you to effectively assess the outcomes of your decisions. Utilizing decision support, such as data, models, and analysis, aids in tracking and reporting results. Dashboards showcasing key indicators and metrics, along with feedback loops gathering input from stakeholders and customers, are valuable tools for this purpose.

Measuring progress will ensure that should a plan of action require adjustment, such changes can be made in a timely fashion. This can be accomplished through data analysis, interpretation of reports, observation and feedback, and implementation of other useful metrics collected by those directly and indirectly affected by the decisions.

Any decision to be made involves a level of uncertainty. Therefore decision support will start from gathering reliable and credible data that can be transformed into informative analytics to guide such steps and follow through for a successful achievement of any objective. The more we neutralize uncertainty with reliable analytics the more effective the support could be to decision making, especially in considering relevant alternatives.

I fully agree with Decision Support tools to help us achieve our personal and professional goals. However, one more thing not least important is the execution plan. The more specific, realistic, the better. Moreover, we had better build up our routines or habits suitable to help us achieve those goals. Apparently, it is not an easy task, but requires us to think hard and stick to it since we should improve ourselves everyday to be successful in the long run.

Every decision aims for positive impacts, yet unintended consequences often emerge. For instance, when promoting a team member, others may feel undervalued. Transparency in decision criteria helps team members understand the situation. Decision-making should start with solid foundations and rules, providing clarity on why a decision was made. Evaluating consequences is crucial, allowing anticipation and mitigation of side effects. Considering these elements enhances decision-making decisiveness while minimizing undesirable impacts. A transparent, well-founded, and reflective approach contributes to a cohesive organizational environment.

Strategic Alignment: Align demands with organizational goals. Performance Metrics: Track metrics and KPIs for ongoing evaluation. Historical Data Analysis: Use historical insights to inform prioritization. Feedback Loops: Establish feedback mechanisms for continuous improvement. In summary, decision support is instrumental in prioritizing demands by providing data-driven insights, aligning priorities with strategic goals, optimizing resource allocation, assessing risks, and facilitating collaborative decision-making. Implementing effective decision support systems can significantly enhance an organization's ability to make informed and strategic prioritization decisions.