1. What is Decision Lens?
Decision Lens works with leading organizations to bring structure and quality to key decisions. Our comprehensive software solutions enable you to manage the strategic alignment of goals and priorities with investments in projects, products, people and suppliers. Decision Lens offers both desktop and Web-based versions, and the software is group-enabled. It allows you to bring together multiple and diverse stakeholders to structure and evaluate key decisions, whether in one meeting room or from locations around the globe. The result is a more accurate, repeatable, and transparent process for decision making, even when the drivers and considerations are subjective and intangible.
2. Why should I use Decision Lens?
Making good decisions is the most important activity for any organization. Yet most organizations today lack any process for robust decision making. Called “BOGGSAAT” (Bunch Of Guys and Gals Sitting Around A Table), today’s decision making has changed relatively little from how it was done decades ago. Decision Lens helps you prioritize, plan better and change course quickly when you need to. Fortune 500 companies including Johnson & Johnson, eBay, and National Grid, and government organizations such as Joint Chiefs of Staff, Navy, NASA, and USDA among many others are already using this powerful, proven tool. Decision Lens is used to:
- Develop a priority-based alignment between your strategic and business plans. You will clearly, concisely structure the decision criteria along with the relationship and definitions of those criteria, and then perform pairwise trade-offs to hone in on the exact priority of each criterion.
- Bring together a group of diverse stakeholders from across the organization to develop priorities. Participants collaborate either in-room or from around the globe through the Web.
- Look across your business to evaluate the value of the initiatives that you plan to invest in; understand key industry risks; do “what if” analyses; and return scenarios to maximize your asset portfolio.
- Allocate your resources to the highest value activities.
- Make the best use of your financial and human resources. (JS)
3. How does Decision Lens work? Is Decision Lens based on a robust decision making methodology?
Yes. Decision Lens is based on advanced analytical methods designed to support decision makers in structuring decisions, quantifying intangible factors and evaluating choices in a comprehensive and rational framework. The underlying methodology, called the Analytic Hierarchy Process (AHP), was first developed by mathematician and decision scientist Dr. Thomas Saaty while he was a professor at the Wharton School of Business. His methods have been applied to assist organizations in allocating billions of dollars towards selecting the best projects, vendors, people and organizational strategies. (JS)
4. What are some examples of decision applications that I could use Decision Lens for?
Decision Lens and the AHP have been applied to numerous decision challenges. Following are some examples:
- Business Planning and Budget Allocation
- Business Process Prioritization
- Capability Analysis/Planning
- Capital Planning
- Engineering Trade Studies
- Facilities Planning
- Grants Management
- HR Succession Planning/Talent Management
- Intelligence Analysis
- IT Architecture
- IT Portfolio Prioritization/Budget Allocation
- Mergers and Acquisitions
- Performance Management
- Policy Development
- Product Development
- Quality Function Deployment
- R&D Planning
- Requirements Prioritization
- Risk Management
- Six Sigma
- Strategic Planning
- Transportation Planning
- Vendor/Best Value Source Selection
5. Is Decision Lens difficult to implement?
No. Decision Lens has been specifically designed for both ease of use and ease of implementation. You can literally be up and running in minutes, and complete your first decision sessions on day one. Decision Lens offers 2 different products. Decision Lens Suite Desktop can be downloaded to any PC and set up in minutes. This powerful platform is Vista®- ready, and has integrated resource allocation capabilities, full reporting and the ability to export all data to Excel spreadsheets. Decision models are kept locally as files on the PC, and the software is group enabled for in-room meetings. Decision Lens comes with keypads for audience participation in criteria prioritization and evaluation of alternatives against those criteria.
- Identify and organize the decision variables, including key objectives and related factors.
- Evaluate numerous and often competing alternatives among other participants or stakeholders.
- Test the outcome by performing “what if” sensitivity analysis.
- Apply the results in order to create and optimize budgets.
- Communicate the findings across your organization easily with the integrated reporting capabilities.