Feasibility Studies - Comprehensive evaluation of a project or business proposal to determine if it is viable and risks are manageable, Cost-Benefit Analysis  - estimate the costs and benefits of projects or investments to determine their profitability for an organization, Decision Trees - A mathematical model used to help managers make decisions when faced with choices., Decision Matrix Analysis - Compare options against weighted criteria., Pros and Cons Matrix  - Simpler, qualitative method. Most basic form of a decision matrix., Root cause analysis - To identify a problems main contributing factors, Fishbone Analysis - Define categories of potential causes and join them to the centreline, 5 Whys  - In this method, any question will form the basis and foundation for the next question., Interrelationship Diagram  - A visual method that maps out the causal links between different elements of a problem., Appreciative Inquiry  - Focus on practices that are positive, life-affirming, successful and full of opportunity, Lateral Thinking  - creative reasoning rather than traditional step-by-step logic,

Decision Tools and Problem Solving

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