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Data Based Decision Making - Top 11 Tools With Examples
Rating: 5.0 out of 5(1 rating)
1,001 students

Data Based Decision Making - Top 11 Tools With Examples

Master 11+ proven decision-making tools to make Smart, Fast & Confident Choices in Critical Situations and Daily Life
Created byVijay Sabale
Last updated 8/2025
English

What you'll learn

  • Data Based Decision-Making
  • Top 11 Decision Making Tools
  • Decision Matrix (Prioritization Matrix)
  • Pareto Analysis (80/20 Principle)
  • SWOT and TOWS Analysis (IE Matrix)
  • Financial Decision Making Tools
  • Cost Benefit Analysis (CBA)
  • Return on Investment (ROI)
  • Payback Period
  • Force Field Analysis
  • Six Thinking Hats
  • Decision Trees
  • Hypothesis Testing
  • Root Cause Analysis (RCA)
  • Delphi Method
  • Pros and Cons List
  • W-R-A-P Technique in Decision-Making

Explore related topics

Course content

6 sections • 9 lectures • 1h 10m total length

  • Top 3 Data Based Decision-Making Tools5:39

    Explore top data-based decision making tools, including the decision matrix, Pareto analysis, and Swot analysis, with real-life examples to apply objective prioritization, problem solving, and strategic planning.

  • 1. Decision Matrix (Prioritization Matrix)5:49
  • 2. Pareto Analysis (80/20 Principle)6:11
  • 2A. Weighted Pareto Chart7:08

    Learn how a weighted Pareto chart combines defect frequency and cost to prioritize quality improvements, with practical Excel and Minitab examples.

  • 3. SWOT and TOWS Analysis16:30

Requirements

  • Must be able to understand English

Description

Dear Learners, Leaders and Professionals,

Every day, we make decisions — some simple, some life-changing. But in today’s fast-paced, high-pressure environment, making the right decision can often feel overwhelming. This course brings you a practical and powerful framework with 11+ time-tested data based decision-making tools used by successful leaders, strategists, and professionals worldwide.

Whether you're deciding where to invest your time, money, or energy — or tackling complex business, personal, or team-based challenges — this course will help you approach decisions with clarity and confidence.

Tools you'll learn include:

  1. Decision Matrix (Prioritization Matrix)

  2. Pareto Analysis (80/20 Principle)

  3. SWOT & TOWS Analysis (IE Matrix)

  4. Cost Benefit Analysis (CBA)

  5. Return on Investment (ROI)

  6. Payback Period

  7. Force Field Analysis

  8. Six Thinking Hats

  9. Decision Trees

  10. Hypothesis Testing

  11. Root Cause Analysis (RCA)

  12. Delphi Method

  13. Pros and Cons List

  14. W-R-A-P Technique

You’ll gain hands-on strategies to:

  • Make faster, smarter decisions

  • Evaluate risk and reward with data and logic

  • Solve root problems instead of surface symptoms

  • Choose confidently even under pressure

This course is ideal for professionals, students, leaders, and anyone seeking to sharpen their decision-making edge. With real-life examples and easy-to-apply tools, you'll walk away with a toolkit for life that empowers you to take control of your choices — and your results.

Who this course is for:

  • Leaders
  • Managers
  • Supervisors
  • Group Leaders
  • Management Team Member

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