Follow

Why is Decision Lens better than Excel?

Have more questions? Submit a request.

Decision Lens is a comprehensive decision-management system. More than just a calculation engine for AHP (which it does do), Decision Lens is designed to enable a collaborative decision-process as a simple set of step-by-step activities, yet with all of the power of an enterprise-class system for structuring, collaboration, evaluation, analysis, and reporting.

Specifically, Decision Lens enables your organization to perform the following:

Criteria Development and Prioritization

• Collaborative development and flexible structuring of criteria as a hierarchy with multiple levels, with definitions.

• Group-driven pairwise comparisons that calculate geometric average for the group, as well as tracking individual judgments.

• “Facilitation”-based interface enables votes to be shown or hidden or “colorized” to show which side the participant is on but not their exact judgment; meeting-based capability enables participants to enter judgments real-time, or to participate remotely (Web-based) through Web login.

• Alignment Index heuristic indicates how closely aligned (or not) the group is in priorities.

• Inconsistency analyzer tells you exactly which judgments are most inconsistent, and recommendations for changes to improve.

• Alternatives with comments can be entered or imported directly into the system as they change over time.

• Prioritized criteria in graphical and “tree-view”, both with local weights underneath their parent, and global weights in the entire model.

• (Web and Desktop) Ability to prioritize participants, as well as include them or remove them from the model on-the-fly.

• (Web) Ability to provide users with access to only those portions of the decision model that the facilitator wants them to see. Facilitator can “sync” all participant screens to his/her screen for real-time collaboration, or “async” participant screens so they can enter judgments at-your-convenience.

• (Web) History maintained of each model and changes to the model over time for easy revisit to particular stages of the decision process if desired. Ratings and Sensitivity Analysis

• Ratings rulers can be developed in both numeric (for quantitative data) or verbal (for qualitative evaluation) modes.

• Ratings scale definition feature – define each rating specifically.

• Group-driven ratings of alternatives with comments by individual, including specific strengths and weaknesses.

• Graphically driven bar-chart sensitivity analysis and dashboards. Resource Allocation

• Linear optimizer that optimizes the cost-benefit trade-offs (among any cost type - $, time, people, etc) across the whole portfolio to provide the highest return

• Multiple funding scenarios can be developed with varying outcomes

• Multiple budget pools can be used, over multiple time-periods

• Business rules can be applied by project including Force Funding, Hard Minimum, Soft Minimum, and dependencies between projects

• Sensitivity analysis can be run at the resource optimization level to see how changes in priorities directly affect funding

• Funding can be run as an optimization across the portfolio, or it can be simply funded by priority (but still with business rules overlaid)

• (Desktop version) Allocation Results can be evaluated in Pareto format, tabular format showing when projects would come on-line with varying funding levels

• (Desktop version) Bubble plot graphical depiction of projects funded and not funded, viewable by each criterion or head-to-head between criteria. Reporting

• Comprehensive reporting system enables output of all elements of the decision (criteria, definitions, pairwise judgments, priorities, ratings, optimizations with scenarios) in both Rich Text Format (RTF) for use in presentations and documents, as well as in CSV format for use in Microsoft Excel and spreadsheets.

Was this article helpful?
0 out of 0 found this helpful

Comments

Powered by Zendesk