Big Dollars, Big Decisions: Using Decision Architecture to Guide the Work of the Evaluation Committee
Big Dollars, Big Decisions: Using Decision Architecture to Guide the Work of the Evaluation Committee
Conference RegistrationSession Details
Date: Tuesday, June 30
Time: 3:35 pm - 4:50 pm CT
1.5 CPE credits
Level: advanced
Field of Study: Finance
Governments make critical decisions every day that impact operations, lives, communities, and the future of entire regions. Key decisions are made first about what outcomes to pursue and then how to best achieve them. Whether you are considering new economic development projects, large scale procurements, or policy shifts, each can involve a number of enticing options. Making the best decisions requires more than gut feel and an understanding of decision architecture.
In this session, speakers will highlight past GFOA research on decision architecture. They will also discuss how all finance professionals can apply it to every day scenarios to reduce bias, build confidence in decision-making, and ultimately make smarter choices.
Learning Objectives
- Explore decision making traps and how poor decision processes can lead to less-than-optimal decisions
- Understand basic concepts in decision architecture
- Develop strategies for improving use of evaluation committees to assist with analyzing and deciding on competing proposals