Resources in Business Decision Management

The BDM topical home page serves Practitioners with an interest in successful BDM approaches and how they complement BPM. This Business Decision Management section offers great variety in Business Process Management-Business Decision Management expertise, technology, and opinions. Like multiple generations peacefully co-existing, there are no biases, no judgments, no wrong answers. Instead, we share every tip, technique, opinion, and approach that really works.

Displaying 1 - 10 of 227 resources matching your criteria.

The Five Most Important Differences Between The Decision Model and Business Rules Approaches

Contributed by: Larry Goldberg Managing Partner , Knowledge Partners International

While many organizations have adopted The Decision Model, others are actively exploring how it may improve or totally replace their current business rules approaches. The latter are asking the critical question:

How is The Decision is Model different from what we are doing and why are these differences important?

Smartening the System

Contributed by: Claye Greene Managing Director , Technology Blue, Inc.

Education systems across the world are learning to strategically apply information technologies to make use of one of their greatest assets: data.

Predictive Analytics is a key technology that is stretching the capabilities of leaders to make more informed decisions about students, schools and special programs. Gone are the days of gut feel decisions based on the here-and-now.

Extending Your Business Rules with BPM

System (BRMS) understands the benefits of empowering knowledge workers to respond quickly to changing market dynamics. Business Rules are a powerful tool for automating and optimizing decisions, and a critical part of an overall process improvement initiative.

Extending the Life Expectancy of the World’s Pensions

Contributed by: Vijay Pandiarajan Product Marketing Manager , IBM

The problem is big. The developed world is aging. Japan went through it first and everyone will follow by 2050. During this time, a much larger population will depend on their own investments or investments made by their employers and governments as their primary sources of income. Also, the number of working people compared to the number of people beyond retirement age will decrease significantly. This number, called the support ratio, is a key indicator for social services agencies and the trend reveals a big problem.

Classifying Decision Model Structures

Contributed by: Larry Goldberg Managing Partner , Knowledge Partners International

(How to Recognize, Classify, and Validate Common Logic Structures)

It is not by accident that all decision models look similar. The similarities reflect the rigor of The Decision Model principles, the most important being mandatory adherence to Decision Model First Normal Form. These similarities are useful because they make it easy for people to understand and validate decision models, as there is only one way to interpret one. This is a major advantage of The Decision Model over other approaches for representing business logic.

However, this month we focus, not so much on the similarities among decision models, but on their differences. More than that, we explore the idea of classifying decision model structures based on differences in their logic.

Below, Part 1 summarizes the similarities among decision models. Part 2 does the same for their differences. Part 3 introduces three fundamental Rule Family classifications so you can recognize them and use them for validating business logic.

When Should You Automate a Business Decision?

Contributed by: Vijay Pandiarajan Product Marketing Manager , IBM

Automated business decision-making provides a significant competitive advantage for companies today because, generally speaking, the faster you can decide on the right response to an opportunity or risk, and consistently act on it, the better the business outcome will probably be. By automating key operational decisions, those day-to-day, repeatable decisions that run the business -- like what loan application to approve or reject, what product to offer a new customer, when to trigger an agent to call back a client to assist, when to re-route cargo, etc.

Business Analysis Certificate Program Features The Decision Model

Contributed by: Barbara von Halle Managing Partner & Founder , Knowledge Partners International

REI (Recreational Equipment Inc.) is a member owned co-op, selling outdoor recreation gear, sporting goods, and clothes via some 125 retail stores in about 30 states, catalogs, and the Internet. Charles specializes in requirements facilitation workshops, root cause analysis, detailed functional specifications, data analysis, strategic planning and business case dev

Lessons from the Human Brain in Decision Making

Contributed by: Barbara von Halle Managing Partner & Founder , Knowledge Partners International

I am not a poker player. This is probably wise since my grandfather lost the family farm one night in a poker game. Sadly, as the story goes, he never won it back. This caused me to wonder how he made the decision to bet the farm on a game. Which decision-making mechanisms were at play? Which were flawed? In addition, more likely, which had shut down for the evening?

Process Improvement: How to start and the role of the 3-P's

So you have been through countless meetings and discussions with your peers, managers, executives, and anyone who would be a tad interested in Business Process Management, and how a BPM platform would not only streamline line-of business processes but also improve the overall efficiency of the organization.

The Decision Model: Breaking Barriers in Real-World Projects

Contributed by: Larry Goldberg Managing Partner , Knowledge Partners International

The number of successes with The Decision Model is escalating. Organizations are using The Decision Model to solve a range of business challenges and opportunities including some we did not expect. Therefore, this month we summarize three real world projects to illustrate how organizations are using decision models and how quickly project teams are delivering them.

Topical Home Pages

We serve many topics. BPM, BA and SOA have their own communities at BPMInstitute.org, BAInstitute.org and SOAInstitute.org. Other topics listed here have their own dedicated section.