YP: A Holistic Approach to Decision-Making

Speaker Dr. Errol Wirasinghe
Dr. Errol Wirasinghe is the author of the book “The Art of Making Decisions” and developer of the XpertUS Decision Support System. He has trained several Fortune 500 companies and is also a guest lecturer on Decision-Making at the University of Houston’s MBA program.He started life as a Mechanic, and ...

Dr. Errol Wirasinghe is the author of the book “The Art of Making Decisions” and developer of the XpertUS Decision Support System. He has trained several Fortune 500 companies and is also a guest lecturer on Decision-Making at the University of Houston’s MBA program.

He started life as a Mechanic, and went on to become an Oil & Gas Engineer, Research Scientist, University Professor, Management Consultant, Director of a Public Utility, and Big-Brother. He also owned several retail stores, and founded a leasing company.

Graduating as Valedictorian at Teesside University, U.K. in Mechanical Engineering, he went on to obtain his Ph.D. in Fluid Mechanics, having won a scholarship from the prestigious “Confederation of British Industries”.

He has lived, worked. and trained professionals in Asia, Mid-East, Europe, North America, and South America, working for Abu Dhabi National Oil Co., Petroleos de Venezuela, British Gas, Enron Corp., and the University of Zulia, where he lectured in Spanish.

Full Description

Whether at work, or at home, we make decisions every day. But such decisions are driven by qualitative interpretations of quantitative data. People interpret the data they receive, based on “feelings”. This is subjectivity. Even the US Economy thrives on this subjectivity! Why is a $12.00 stock a good sell for one person and a great buy for another? It is not the $12.00 (the number} that drives our decisions, but its significance to each of us.

Most people rely on common-sense and gut-feel, and we firmly support this view. However, the massive information overload, and human limitations, has created a problem for decision-makers. Poorly defined objectives, uncertainty of information and conflicting global objectives, multiple criteria & candidates, further complicate the decision-making process. Therefore, without a formal method, you are likely to make poor decisions.

Imagine a hunter, shooting at a target! No doubt, he is likely to have a few misses.

Now, if he were to mount and use a “scope” on his gun, would he not have a better hit-rate? Now, in addition to the “scope”, what if we were to give him a “tripod” on which he could rest his gun, to steady it? Is it not obvious that his-rate is likely to increase significantly?

The “seven-step holistic approach” to decision-making is the equivalent of the “scope & tripod”, which gives the decision-maker the support/anchor he needs to make the best possible decision.

Dr. Wirasinghe will discuss the fundamental elements of decision-making, and present a robust, yet a simple methodology to help you make better decision.

Organizer Caleb Bynum

When?

Tue, Jan. 12, 2010
6:30 p.m. - 8 p.m. US/Central

How Much?

A $5 donation for the SPE-GCS Scholarship Fund has automatically been added to the registration fee. Use OptOut in the Discount Code field if you do not wish to donate at this time.
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Where?

Baker Hughes
14990 Yorktown Plaza Dr
Houston, TX 77040

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