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A rule of thumb is a principle with broad application that is not intended to be strictly accurate or reliable for every situation. 1 It is based not on theory but on practical experience. FW Taylor, who is often called "The Father of Scientif...
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Compensatory decisions are rational decisions. In compensatory decisions, poor performance of alternatives with respect to some objectives can be overcome with excellent performance with respect to other objectives. For instance, a plane ticket th...
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There are numerous ways to identify objectives, alternatives, etc., although brainstorming may be the most common method. The main point of brainstorming is to generate as many ideas as possible. Get the right people – it is often useful to get to...
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Last Updated: 12/17/2021
in Release Notes July 2, 2021 | Version 6.2.1.42603 Features and Enhancements 1. Combined Reports Generator Enhancements Added an option to select the reports to include in the combined report file. In the previous version, clicking the "Combined Report Genera...
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Satisficing is a decision-making strategy that aims for a satisfactory or adequate result rather than the optimal result, because aiming for the optimal solution may necessitate needless expenditure of time, energy and resources. 1 A combinatio...
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Prioritization of strategic objectives Site selection Source selection Vendor selection HR candidate selection Performance evaluation 360° reviews Project portfolio management Capital budgeting Resource allocation Voice of the customer Fo...
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Last Updated: 11/20/2023
in Release Notes August 31, 2022 | Version 6.11.3 (5533c05e43ac) Bug Fixes Fixed issue with not being able to leave the insight survey step when the Objectives/Alternatives checklist question is required Fixed issue for the Viewer Role users being allowed to ac...
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Utility curves can be increasing or decreasing, linear or non-linear. In the example below, we are asked to enter data (Initial Cost: 20,195) for the alternative "Toyota Camry." The data can be entered by dragging the handle of the vertical sli...
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Last Updated: 09/20/2024
in Manage Models
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Last Updated: 12/17/2021
in Release Notes January 22, 2020 | Version: 6.0.005.38387 New Features Ability to reset the password to blank for multiple selected users. Erase password is under the Edit option in the Project Participants screen. Ability to select multiple adjacent rows on...