How We Do It

Decisionability's partners are expert practitioners in a range of tools across the following disciplines:

  • Portfolio Risk Optimization (2 patents filed on methods of risk characterization and display)
  • Decision Support
  • Knowledge Management
  • Mathematical Modelling
  • Statistical Analysis
  • Health Economics
  • Biomarker, technology and diagnostics selection and qualification
  • Informatics
  • Strategic and Organizational Analysis

 

Decisionability's Process

  • Compare standard, probabilistic, decision hierarchy and mission analysis
  • Use the triangle to refine failure and success points
  • Estimate:
  • value of success and cost of failure
  • frequency
  • Display the Decisionability landscape and develop risk mitigation process
  • Rank efficiency of mitigation actions

 

Decision Tree or Mission Analysis [new or existing]

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Expose Latent Failure Points using Decisionability Triangle Method

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Estimate Value and Frequency of True Decisions/Successes

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Estimate Value and Frequency of False Decisions/Failures

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Display Harm from False Decisions and Benefit of True Decisions
on Decisionability Chart

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Develop Risk Mitigation Plans for Most Harmful Outcomes
and Estimate Change and Cost

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Select and Execute Most Cost Effective Plans

 

Examples

Action Prioritization

  • Options for changing program risk are evaluated for cost:benefit
  • Actions that deliver the highest change in risk for the least cost take priority

Tolerability of Risk

Provenance of Tolerability-of-Risk Frequency-Severity Product Displays - e.g. Nuclear Regulation