Shortened Project Name, 1 Running Header: {Project Full Name} {Project Full Name} {Your Name} DeVry University - Keller Graduate School of Management Professor - Managerial Decision-Making (MGMT530) {Date} Shortened Project Name, 2 Table of Contents Executive Summary..........................................................................................................................................3 Introduction - Overview of Decision Problem................................................................................................4 Problem Statement......................................................................................................................................4 Objectives.....................................................................................................................................................4 Summary of Key Objectives:....................................................................................................................4 Alternatives...................................................................................................................................................5 Description of Alternatives:.....................................................................................................................5 Selection.......................................................................................................................................................5 Consequence Table with Original Values: Title.......................................................................................5 Ranking Alternatives: Title.......................................................................................................................6 Scoring Model: Title.................................................................................................................................6 Weighted Scoring Model: Title.................................................................................................................7 Consequences...............................................................................................................................................7 Risk Profile: Title.......................................................................................................................................8 Implementation, Monitoring and Control...................................................................................................8 Timeline:...................................................................................................................................................8 Summary.........................................................................................................................................................10 Works Cited.....................................................................................................................................................11 Shortened Project Name, 3 Executive Summary The objective of the Course Project is to provide you with practice in creating, justifying, and explaining a Decision-making Proposal. All elements involved in the creation of this proposal, from problem definition through action plan, must be covered. Further, the proposal, as constructed, must meet the tests of any sound business plan, namely that it has specific and measurable goals and objectives, clearly defined activities, stipulated time frames during which those activities will take place, and clearly defined measurable outcomes. This Executive Summary is a short, carefully worded description of the problem situation that identifies the recommended solution. A brief justification and explanation of selection method is to be included highlighting factors that contributed to selecting the recommended alternative. The Executive Summary should not be longer than one page. Shortened Project Name, 4 Introduction - Overview of Decision Problem Problem Statement Describe the nature and scope of the problem selected, its history together with causes and the outcomes of any previous attempts to deal with it. Briefly introduce the key decision elements - objectives, alternatives, consequences, and uncertainties; details are to be discussed in subsequent sections. Consider specifically addressing the following: What is the general nature of the problem? What event triggered the situation? Are we imposing any constraints on the situation? What are the underlying elements of the problem? Are there dependencies on other decisions? Objectives Describe stakeholders and their interests in the problem situation. Explain each objective in detail. A minimum of three objectives is required. Consider specifically addressing the following: Wish List: Summary of what you want from your decision. Possible Outcomes: Good or Bad Impact: What could be the impact on others? Summary of Key Objectives: Fundamental Objectives Objective 1 Means Objectives Means Objective A Means Objective B Means Objective C Objective 2 Means Objective A Means Objective B Means Objective C Objective 3 Means Objective A Shortened Project Name, 5 Means Objective B Means Objective C Alternatives Describe each alternative and explain how the alternatives differ one from the other. A minimum of three alternatives is required. Description of Alternatives: Alternative Description of Alternatives Alternative 1 Alternative 2 Alternative 3 Selection Describe the alternative recommended and why. Explain the tradeoffs you utilized or present a weighted scoring model. Explain why you feel that this report contains sufficient information to make a decision on the problem. Describe any additional information that would be useful to have. Consequence Table with Original Values: Title Alternative A Objective 1 Objective 2 Alternatives Alternative B Alternative C Alternative D Shortened Project Name, 6 Objective 3 Objective 4 Ranking Alternatives: Title Alternative A Alternatives Alternative B Alternative C Alternative D Alternative A Alternatives Alternative B Alternative C Alternative D Objective 1 Objective 2 Objective 3 Objective 4 Scoring Model: Title Objective 1 Objective 2 Objective 3 Objective 4 TOTAL Shortened Project Name, 7 Legend: Weighted Scoring Model: Title Weight Objective 1 0% Objective 3 0% Objective 4 0% TOTAL Alternative D 0% Objective 2 Alternative A Alternatives Alternative B Alternative C 100% Legend: Consider specifically addressing the following: Eliminate dominated alternatives Identifying Tradeoffs Using Even Swaps Consequences Explain how you determined the values for each alternative and their corresponding objectives. Show your consequence table either in this section or as an Appendix. Include the bases for forecasts and any techniques or tools used to estimate consequences. Discuss the reliability of your predictions. Indicate what events were considered to be uncertain and explain the probabilities of their occurrence, and what information you used to establish your confidence level in these probabilities. A minimum of two uncertainties is required for the paper. Shortened Project Name, 8 Risk Profile: Title Uncertainty: Uncertainty 1 Outcome: Chance Consequences: Uncertainty: Uncertainty 2 Outcome: Chance Consequences: Uncertainty: Uncertainty 3 Outcome: Chance Consequences: Consider specifically addressing the following: Risk tolerance Linked decisions Implementation, Monitoring and Control This section contains a detailed implementation plan. There will be an explanation of how the recommended alternative will be implemented, resources dedicated to accomplishing it, and key individuals who will be responsible for the plan's success. Details should be included on how the plan will be monitored, subsequent evaluation criteria, and how the plan can be amended. Timeline: Month/Timeframe Implementation Plan Shortened Project Name, 9 Shortened Project Name, 10 Summary Summary of decision problem, selection, recommendation and next steps. Shortened Project Name, 11 Works Cited [Example] John S. Hammond, R. L. (1999). Smart Choices, A Practical Guide to Making Better Decisions. Boston, Massechusetts, United States of America: Harvard Business School Press