Frank Kowalkowski
Frank Kowalkowski, President, Knowledge Consultants, Inc., is President of Knowledge Consultants, Inc., a firm focusing on business performance, business analysis, data science, business intelligence, artificial intelligence, and statistical techniques across industries. More recently Frank has been involved in conducting workshops, professional training sessions, and assessments of business structures and transformation, data science, and analytics for process management efforts. He is the author of a 1996 book on Enterprise Analysis. His most recent publications are a featured chapter in the business book Digital Transformation with BPM. His chapter is titled “Improve, Automate, Digitize”, he also has a chapter in the business architecture book titled Business and Dynamic Change and a chapter on semantic process analytics in the book Passports to Success in BPM, and most recently a key chapter titled Intelligent Automation and Intelligent Analytics in the 2020 book Intelligent Automation.
Title: Alternatives for Alternatives: The Need for Looking at Rankings from Several Perspectives
Abstract: A manager makes business decisions every day. Along with analysts and others, they are ranking or prioritizing the criteria and objects that are of interest. Often the objects are projects of varying length and resource intensity. Ranking is often done by one or two criteria like cost and benefit. Taking more criteria into account or having a structure of alternatives to work with makes the decision more time-consuming and fraught with risk. The Analytic Hierarchy Process, AHP, and the related ANP and ANNP are good approaches to increasing the reliability of decisions. However, they are also cumbersome and complicated to work with as well as difficult to understand. There are alternatives such as composite ranking, orchestrated decision analytics, and modifications to the AHP approach. Plus, there are now tools to make all these easier. In this presentation, the attendees will learn about more recent ranking and priority techniques for project decision-making.
Learning Objectives:
- Articulate alternatives for ranking and assessing projects
- Understand the differences in ranking methods
- Explain the differences in criteria ranking options
- Choose between the different methods determining value of projects
- Compare the ranking results of different algorithms
- Decide on which criteria are most significant
PDU: 1 (Ways of Working)
Social Media:
Website: www.knowledgebiz.com,
LinkedIn – Frank Kowalkowski
Email: [email protected]
