In the three previous articles we looked over

In the three previous articles we looked over a process of making a decision on how to get the own website developed. The importance of defining choice criteria as guidelines against which in turn to weigh up your options was stressed, and a simple model on how to assign relative values to those criteria had been demonstrated.

The next step we demonstrated was the collection of data for each option recognized relative to each criteria, and the process of scoring each option. We proven how to assign a weighted rating to the options for each criteria by multiplying the value of the criteria with the score assigned to the various options. After completion you may be faced with the following result:

(1) Outsourcing - Get website designers to do the job (Weighted Score: 226)

(2) Insourcing - Employ a webpage developer (Weighted Score: 219)

(3) DIY with tools - Obtain a website creation package (Weighted Review: 229)

(4) DIY from scratch instant Learn how to program (Weighted Score: 133)

From the above result the right option to choose looks like option 3, namely getting this done self with a website design creation program because it performed best against the conditions. However, before making the final decision it is necessary that you identify and quantify possible risks associated with choosing each choice. This can easily be done by under-going the following process.

(a) For each option, ask yourself "If XYZ happens, and what will be the implication? "

(b) On the scale of 1 to 10, precisely how likely is XYZ to happen? A score of 10 will mean that it is highly likely to happen.

(c) On a scale of 1 to 10, how serious will the impact possibly be? A score of 10 should imply that it will have a very serious effects.

For example, if we look at option 1 (Outsourcing), we may identify the following risk: "If the company we outsource to goes belly up, we will be kept in the dark" The likelihood of that happening in today's economic climate may be high (say 8), but the seriousness may be very low (say 3) because we can likely easily hand it over to another company.

Once this process has been completed you will be able to be able to confidently make your decision, and then implement this without having doubt about whether you have made the right decision or not.

We certainly do not try to propagate that each and every decision need to be quantified in this way. Nevertheless, if the underlying principles are adopted for most important decisions learn the facts here now you will find that the outcome of your business decisions are much a lot more results orientated and will get you to general achievement much quicker.