4.96
(23 Ratings)

Business Analytics, Decision Making and Risk Analysis

Categories: Masters Courses
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About Course

This course will unfold the belief that we are naturally good at making decisions because we do it every day. Research shows that individuals are prone to many decision-making mistakes, even in simple situations. This is more experienced when decisions are made under uncertainty. In this course, we will discuss how you can become better decision makers in both your personal and professional lives.

What Will You Learn?

  • Develop strategies and mental frameworks that deal effectively with uncertainty
  • Eliminate the dangers that can reduce our decision making
  • Reason with clarity and insight about the decisions you face

Course Content

Welcome to the Course!
Hello and welcome to decision making and risk analysis. In this course, we will watch a series of videos to better understand how and why we make decisions. We focus a lot on the decision-making process itself, why we make bad decisions, how to make better decisions and influencers of decisions. We also focus on how risk management and analysis techniques assist with making better-informed decisions. The premise of this course is to gain experience through the videos, perform additional research to add to the weekly content to answer questions and to answer a final quiz at the end of the course.

Grading Rubric
Grading Rubric All assignments are 10 points- 150 points total The final exam is worth 50 points 200 points total in the course.

Week 1 Resources: The art of decision making
Watch: How to Make a Decision. (2017), Retrieved from: https://www.youtube.com/watch?v=okdsAZUTJ94

Week 2 Resources: How do people make decisions?
Watch: How we people make decisions. (2017). Retrieved from: https://www.youtube.com/watch?v=9CZQix5WGJc

Week 3 Resources: Are there specific steps to the decision-making process?
Watch: What are the 7 Steps of Decision Making? (2018). Retrieved from: https://www.youtube.com/watch?v=5a0Fe3AchAI

Week 4 Resources: How do we make decisions – are we free to choose?
Watch: Making Sense of How our Brains form Decisions.(2018), Retrieved from: https://www.youtube.com/watch?v=2zxOBbAbQkA Redish, D. (2014). The mind within the brain – how we make decisions. Retrieved from: https://www.youtube.com/watch?v=0Iuc5ufbirM

Week 5 Resources: Can someone be naturally good at decision making?
Watch: Confer, M. (2019). Before you Decide: 3 Steps to Better Decision Making. Retrieved from: https://www.youtube.com/watch?v=d7Jnmi2BkS8

Week 6 Resources: How to improve decision making skills
Watch: Griffiths, T. (2018). 3 ways to make better decisions- by thinking like a computer. Retrieved from: https://www.youtube.com/watch?v=1mLQFm3wEfw How to Improve Decision Making Skills: Decision Making Process. (2019). Retrieved from: https://www.youtube.com/watch?v=2tCYy66CyuQ

Week 7 Resources: How to make hard choices?
Watch: Chang, R. (2014). How to make hard choices. Retrieved from: https://www.youtube.com/watch?v=8GQZuzIdeQQ How to make hard decisions. (2020). Retrieved from: https://www.youtube.com/watch?v=gF8DmEi31eE

Week 8 Resources: Decision making strategies
Watch: Decision-Making Strategies. (2018). Retrieved from: https://www.youtube.com/watch?v=pPIhAm_WGbQ

Week 9 Resources: Ethics in decision making
Watch: Ethical Decision Making. (2020). https://www.youtube.com/watch?v=n0uwTBrgqxI

Week 10 Resources: How to be more decisive and to make faster decisions?
Watch: How to be More Decisive: Decision Making Tips. (2017). Retrieved from: https://www.youtube.com/watch?v=CjBGNz-Z5WA Ramsey, D. (2018). The elements of good decision making. Retrieved from: https://www.youtube.com/watch?v=UUquj5onSVM Cardone, G. (2018). How to make decisions fast. Retrieved from: https://www.youtube.com/watch?v=2zgfKa25-Jc How to make faster decisions: The way we work. (2020).  Retrieved from: https://www.youtube.com/watch?v=cTIUiN6inIQ

Week 11 Resources: Risk based decisions and how to use risk analysis to make better decisions
Watch: Risk-Based Decisions: Process Hazard Analysis. (2015). Retrieved from: https://www.youtube.com/watch?v=N3UxVnYcHZQ What is risk-based decision-making? (2018). Retrieved from: https://www.youtube.com/watch?v=BI-3ApW8njQ Sidorenko, A. (2019). Using risk analysis to make better strategic decisions. Retrieved from: https://www.youtube.com/watch?v=adPrQvEHhTM

Week 12 Resources: Tools in risk management and risk informed decision making
Watch: Using Decision Trees in Risk Analysis. (2016). Retrieved from: https://www.youtube.com/watch?v=-f5I99Q9hwY Risk and How to use a Risk Matrix. (2018). Retrieved from: https://www.youtube.com/watch?v=-E-jfcoR2W0

Student Ratings & Reviews

5.0
Total 23 Ratings
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22 Ratings
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AB
2 months ago
This is a very interesting course that had opened my understanding into other area that I had not given serious consideration in my business planning.
AB
2 months ago
Excellent
VICTOR MAGANGA
2 months ago
An awesome and enlightening module. This is so practical in my daily business analysis in my place of work.
Mojishola Thomas
2 months ago
Love this course so much. easy to understand. the materials provided are excellent and the lecturer's teaching was very helpful
Felix Sitolo
4 months ago
I have upgraded my understanding on decision making. It is a nice course.
JB
4 months ago
Good course that opened my mind in decision making and help me to make informed decision in life. The course content is well presented and the lecturer has that passion and energy in facilitation. The rating for me on this course is 95% out 100%.Good assessment methods and practical; tasks.
The Business Analytics, Decision Making, and Risk Analysis course is a game-changer for professionals seeking to harness data-driven insights. It empowers learners to make informed decisions by using advanced analytical techniques and assessing potential risks. The real-world applications and hands-on exercises ensure practical proficiency. Whether you're in finance, marketing, or operations, this course equips you with the tools to turn data into a competitive advantage. It's an essential investment for anyone looking to excel in today's data-centric business landscape, delivering valuable skills for effective decision-making and risk management. Thanks to Professor Petrov for the wonderful lectures.
NELSON JOSSAM
7 months ago
This is an amazing course rich with knowledge and skills.Thank you FLU
edga kayombo
8 months ago
Greatest job and innovative tutorial,Business Analytics, Decision Making and Risk Analysis concepts with clarity and depth.
Rumishael Ulomi
8 months ago
This course is very good, informative, and enjoyable. I have a greater insight into decision-making processes and was able to practice what I learned and improve my decision making abilities. It should be one of the go-to course for anyone interested in becoming a better decision maker, especially those in leadership positions.
Omoniyi Thomas
10 months ago
The content of this course is superb and the lecturer is fantastic.
Happy Clement
10 months ago
Nice course…
Very excellent course with very good content. it truly has impact on me especially on my decision-making and risk analysis.
CHRISTIAN CHINEDU
11 months ago
Words can't quantify how much this course has affected my life in total. It has sharpened my thinking and have set me up for the best in leadership and future roles. I appreciate the effort of the lecturer and thank you FLU
MT
11 months ago
well packaged course
Good course!
More engaging course, very innovation and task demanding.
Bibian Iyke-Nzeh
11 months ago
Very innovative and well detailed lectures.
TI
11 months ago
An empowering course that encouraged critical thinking and self-reflection. The discussions were lively, and the readings were thought-provoking. It challenged me to expand my perspectives and develop my own ideas."
Nicholas Chawanda
11 months ago
Great video and well explained that makes it easy for students to get points