June 2022 Online Chapter Meeting
Topic: Decision-making in the Age of Big Data
Speaker: Dr. Errol Wirasinghe
Location: Online Meeting (Zoom)
Date: Tuesday, 6/21/2022
Time: 6:00 PM - 7:30 PM CDT
Cost: Free
PDUs: 1.5
Category: Leadership
Description:
Even trained professionals make lousy decisions.
Regardless of how critical the decision might be, in the face of information and choice overload, many managers find it hard to even entertain the idea that they might be
making sub-optimal decisions.
In 1956, Professor George Miller of Princeton University published research showing that humans can process only a limited amount of information at a given point in time.
Today—when we are constantly bombarded with information—this becomes even more of a problem.
This 90 min. workshop on Decision-making in the Age of Big Data (ABD) provides an insight into the Perils and Pitfalls we face when making decisions in the age of big-data.
Attendees will learn about decision-contamination, and decision-manipulation, and how to remedy this situation.
Decisions pertaining to recruiting, site selection, bid evaluation, procurement, etc., are driven by multiple criteria. Selection of relevant criteria, and determining their relative significance, is a challenge.
Why you should attend (D): https://xpertus.com/Why-D.mp4
Objectives:
After this workshop participants will be able to:
• Recognize human irrationality and illusions that creep into decision making, and put multidimensional, real-world problems into proper perspective.
• Understand key factors that impact decision making.
• Master the skill of making optimal decisions with greater speed, accuracy, and confidence.
• Present and defend decisions with ease.
• Understand the difference between problem solving and decision making.
• Define and utilize appropriate criteria in the decision-making process.
• Implement an analytic hierarchal methodology when making decisions.
• Minimize risk by validating decisions.
Event Properties
| Event Date | 06-21-2022 6:00 pm |
| Event End Date | 06-21-2022 7:30 pm |
| Cut off date | 06-21-2022 6:30 pm |
| Individual Price | Free |
| No. of Ways of Working PDUs | 1 |
Agendas
| 6:00 PM - 6:05 PM |
Introduction - President |
| 6:05 PM - 6:10 PM |
Speaker Introduction |
| 6:10 PM - 7:00 PM |
Main Meeting Content |
| 7:15 PM - 7:25 PM |
Closing Remarks - President |
Speakers
Dr Errol Wirasinghe
Dr Errol Wirasinghe comes with over 30 years of experience in optimization, creative thinking, decision making and strategic planning. An Oil & Gas industry specialist and University Professor, Dr Wirasinghe has published papers on Management, Engineering and Economics. His paperback books include “The Art of Making Decisions”, “Better Defensible Decisions” and “Essential Negotiating Skills”. Dr Wirasinghe graduated as Valedictorian from Teesside University, U.K. and was awarded the prestigious CBI Scholarship to do his Ph.D. He has carved out a niche as a “decision-maker” and a “creativethinker”, to shatter the myth and math of decision-making. Initially, this technique was used for deciding where to drill for oil, based on seismic studies from different locations. In 1990, Dr Wirasinghe adopted it for general applications. Today, his process is used in disciplines as diverse as budgeting, career planning, safety, purchasing, bid evaluation, recruiting, performance evaluations, customer rankings, etc. Fluent in English, Spanish and Sinhalese, Dr Wirasinghe has worked and trained professionals in Asia, the Middles East, Africa, Europe, North America and South America. He has a thorough understanding of cultures and values that govern religious, social and business conduct on many Continents. Several of his consulting projects have included negotiations on behalf of international clients. He is an entertaining speaker with a global outlook and a passion for the subject. He brings a wealth of real-life experience and has helped many organizations add value to their human assets.