Decision Management is an emerging discipline that needs a common base architecture, a shared methodology, and a set of technologies. A Decision Management Framework can be applied to a wide range of business scenarios. It provides a breakdown of each contributing factor to a specific decision with the goal of improving comprehension and creating a channel for better communications among decision influencers and their teams.
The DMF supports common decision cycles, including the OODA Loop Cycle created by John Boyd, which is primary in DMF research because it assumes that organizations are in a competitive environment where opportunity and threats are present.
The resulting DMF will likely be used as a shared communications device for both business and IT professionals to describe decision context, components, and potential actions. A Decision Management Framework has the ability to deliver better decisions consistently.
This research note defines the Decision Management Framework (DMF) so that business and IT leaders will be more equipped to make beneficial decisions for their organizations.
This on-demand webinar overviews what Decision Management is, the critical components of a Decision Management Framework, and how organizations can leverage this technology to approach critical business decisions.