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BMGT43660

Academic Year 2024/2025

Decision Making Strategies and Techniques (BMGT43660)

Subject:
Business Management
College:
Business
School:
Business
Level:
4 (Masters)
Credits:
10
Module Coordinator:
Mr Stephen Boyle
Trimester:
Autumn
Mode of Delivery:
On Campus
Internship Module:
No
How will I be graded?
Letter grades

Curricular information is subject to change.

The course concentrates on Decision Analysis and associated topics such as risk analysis and the role of judgement in decision-making, with the aim of providing insight into how one can structure complex decisions. It also goes beyond decision structuring to look at aspects of decision-making in practice, such as group decision-making. Effective managerial decision making requires an ability to identify and use relevant data, so that decisions have a quantitative as well as a qualitative foundation. Good decision makers and problem analysts also need to understand the impact of human behaviour and psychology on decision making.

About this Module

Learning Outcomes:

On completion of this course, students should be able to:
· Structure complex decisions into a manageable model of the problem
· Identify and test the key assumptions underlying a decision
· Apply a range of analytical decision-making tools to business cases and real-world problems
· Identify the behavioural traps that can jeopardise effective decision making
· Appraise the strengths and weaknesses of different quantitative and qualitative approaches to decision making and apply effective decision making strategies on the basis of this appraisal.

Student Effort Hours:
Student Effort Type Hours
Lectures

36
Small Group

1
Specified Learning Activities

80
Autonomous Student Learning

108
Total

225

Approaches to Teaching and Learning:
Lectures etc

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 

Assessment Strategy  
Description Timing Component Scale Must Pass Component % of Final Grade In Module Component Repeat Offered
Group Work Assignment: Group DA Presentation Week 8 Graded No

10

 No
Individual Project: Decision Analysis Assignment 1 Week 3 Graded No

10

 No
Individual Project: Decision Analysis Assignment 2 Week 6 Graded No

25

 No
Group Work Assignment: Group DA Final Report Week 10 Graded No

20

 No
Exam (In-person): End of trimester in-person exam End of trimester
Duration:
2 hr(s)
 Graded No

35

 No

Carry forward of passed components
Yes
 

Resit In Terminal Exam
Spring Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

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