Key information

Teaching department:  UCL School of Management
Credit value:  15
Restrictions:  This module is only available to UCL MBA students. You must have first completed the Operations Management module.

Important business decisions cannot be left to intuition alone. We need to make sense out of various sources of data, organise the inputs of experts and colleagues, and use state-of-the-art tools to provide analytical support for our reasoning.

The objective of this module is to equip you to be more effective in these tasks. You will develop skills in data analysis, structuring decisions, building decision models, risk assessment, decision making under uncertainty, recognising areas where business analysis can add value, selecting appropriate types of analyses and learn to apply them in a small scale, quick-turnaround fashion.

By the end of this module, you should be able to address the following questions:

• What makes a good decision? What is the role of intuition and analysis in decision making?
• How can we structure managerial decision problems?
• How can we cope with an information overload and determine key information?
• What is risk and how can we measure and assess it? What is our attitude towards risk?
• Which tools are available for analysing risk?
• How should we choose between risky alternatives?
• What is the value of flexibility and optionality in our decision making?
• What do we have to be careful with when assessing and managing risk?
• What is the value of mitigating risks or obtaining additional information?

Methods of assessment:

Mark scheme:  Letter grades

Module leader:  Onesun Steve Yoo and Kenan Arifoglu

Who to contact for more information:  admissions@onlinelearning.ucl.ac.uk