- Decision Criteria
- The specific factors β cost, speed, risk, alignment with strategy β used to evaluate and compare options before selecting a course of action.
- Decision Rights
- A clear assignment of who has the authority to make a given type of decision, distinguishing between the decision-maker, advisors, and those who must be informed.
- RACI Matrix
- A responsibility chart identifying who is Responsible, Accountable, Consulted, and Informed for each decision or task.
- Time-Boxing
- Setting a fixed deadline for reaching a decision so that the search for more information does not delay action indefinitely.
- Reversible vs. Irreversible Decision
- A reversible decision can be undone at low cost if it proves wrong; an irreversible one cannot β the distinction determines how much analysis is warranted before committing.
- Analysis Paralysis
- A state in which the pursuit of additional information or options prevents any decision from being made, often at greater cost than making an imperfect choice quickly.
- Pre-mortem
- A structured exercise in which the team imagines a decision has already failed and works backward to identify the most likely causes β used to surface hidden risks before committing.
- Second-Order Consequences
- The downstream effects of a decision that only become visible after the immediate outcome β e.g., a cost cut that saves money this quarter but triggers key-employee attrition next quarter.
- Decision Log
- A running record of significant decisions made, the options considered, the rationale, and the outcome β used for accountability and organizational learning.
- Satisficing
- Choosing the first option that meets a minimum acceptable threshold rather than searching exhaustively for the optimal one β a practical strategy under time and information constraints.