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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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Dependencies are one of the constraints that can be defined when determining the alternatives to be funded in Resource Allocation . You can display the dependencies in Table or List view. Dependencies are displayed in the Table view by defa...
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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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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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Last Updated: 10/27/2021
in Dashboards Comparion Dashboard is an information management tool where you can add different Comparion pages and widgets to the Dashboard as panels. A model without any dashboard is displayed as below: Here we see three options: (1) Create Ne w da...
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Last Updated: 10/27/2021
in Reports Comparion provides a set of predefined reports and a set of icons to view, print, and download. Overall Results Objectives and Alternatives Priorities Judgments of Objectives Judgments of Alternatives Structure Overview Report Objectives a...
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The Endowment Effect , an emotional bias, is the hypothesis that people will value something they already own more than a similar item they don’t own. This happens even when there is no cause for attachment or even if the item was only obtained li...
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Last Updated: 10/28/2021
in Tips and Tricks Basic Mode - A revised, simplified user interface. Advanced Mode - Advanced mode shows advanced option(s) on each screen. This allows advanced users to go deeper into the application. The left navigation is only displayed when this option is ...
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The Head-to-head- analysis shows how Alternatives compare to each other with respect to an Objective. One alternative is listed on the left side of the graph and the other is listed on the right. Down the middle of the graph are the objectives ...
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Funding Pools allow specification of sources of funds as well as what the funds can be used for. For example, funds from state governments and local governments might be restricted to be used only for certain alternatives (projects). When setting ...