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An "Insight Questionnaire" can be presented to evaluators at the beginning ( Pre-Survey ) of the input collection process, at the end ( Post-Survey ) of the input collection process, or both. Clicking Pre-Survey or Post-Survey will display a p...
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Last Updated: 10/25/2021
in Allocate Portfolio Assessment Scenario Comparisons lets you view several scenarios side by side, making it easy to compare the alternatives properties, objective priorities, and constraints side by side. You can select the scenarios to display using the Scenarios drop-down: ...
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There are four types of number scales: NOIR The nominal scale of measurement only satisfies the identity property of measurement. Values assigned to variables represent a descriptive category, but they have no inherent numerical value with res...
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Intuitive decision-making is described as the process by which information, acquired through associated learning and stored in long-term memory, is accessed unconsciously to form the basis of a judgment or decision. 1 Intuition is based on the i...
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A Sunk Cost is a cost that is incurred and can not be meaningfully recovered by any practical means. 1 For example, a business may have invested a million dollars in new hardware. This money is now gone and cannot be recovered, so it shouldn’t ...
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Last Updated: 10/28/2021
in Additional Information Relative measurement in AHP is performed by comparing two elements, e.g., objectives or alternatives, one to another; whereas absolute measurement is performed on each element, e.g., alternatives, one at a time. There are several ways this is done ...
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Comparion has a large number of options, such as measurement methods for objectives, measurement methods for alternatives, what to display on evaluation pages, alternative wording for "objectives," and "alternatives," etc. A Project Manager can...
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Overconfidence is the tendency to overestimate our ability to make good decisions. Research 1 indicates that the more experience a manager has, the more likely it is that he or she will be overconfident in making decisions. Therefore, awareness o...
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Last Updated: 10/25/2021
in Allocate Portfolio Assessment The Efficient Frontier results make it easy to compare several scenarios and see the effects of lower or higher budgets. Click to display results: You can select the scenarios to display by using the Scenarios drop-down: When there is mo...
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Pairwise comparisons are entered on a page as shown in the figure below, by clicking on or between words that express your judgment about the relative importance or preference or likelihoods (see Pairwise Comparisons Contexts) of the two elements sh...