Data Driven Approaches For Effective Managerial Decision Making

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Data Driven Approaches For Effective Managerial Decision Making

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Author : Anubha
language : en
Publisher: Business Science Reference
Release Date : 2023

Data Driven Approaches For Effective Managerial Decision Making written by Anubha and has been published by Business Science Reference this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with Big data categories.

In today's competitive market, a manager must be able to look at data, understand it, analyze it, and then interpret it to design a smart business strategy. Big data is also a valuable source of information on how customers interact with firms through various mediums such as social media platforms, online reviews, and many more. The applications and uses of business analytics are numerous and must be further studied to ensure they are utilized appropriately. Data-Driven Approaches for Effective Managerial Decision Making investigates management concepts and applications using data analytics and outlines future research directions. The book also addresses contemporary advancements and innovations in the field of management. Covering key topics such as big data, business intelligence, and artificial intelligence, this reference work is ideal for managers, business owners, industry professionals, researchers, scholars, academicians, practitioners, instructors, and students.

Project Management Analytics

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Author : Harjit Singh
language : en
Publisher: FT Press
Release Date : 2015-11-12

Project Management Analytics written by Harjit Singh and has been published by FT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-11-12 with Business & Economics categories.

To manage projects, you must not only control schedules and costs: you must also manage growing operational uncertainty. Today’s powerful analytics tools and methods can help you do all of this far more successfully. In Project Management Analytics, Harjit Singh shows how to bring greater evidence-based clarity and rationality to all your key decisions throughout the full project lifecycle. Singh identifies the components and characteristics of a good project decision and shows how to improve decisions by using predictive, prescriptive, statistical, and other methods. You’ll learn how to mitigate risks by identifying meaningful historical patterns and trends; optimize allocation and use of scarce resources within project constraints; automate data-driven decision-making processes based on huge data sets; and effectively handle multiple interrelated decision criteria. Singh also helps you integrate analytics into the project management methods you already use, combining today’s best analytical techniques with proven approaches such as PMI PMBOK® and Lean Six Sigma. Project managers can no longer rely on vague impressions or seat-of-the-pants intuition. Fortunately, you don’t have to. With Project Management Analytics, you can use facts, evidence, and knowledge—and get far better results. Achieve efficient, reliable, consistent, and fact-based project decision-making Systematically bring data and objective analysis to key project decisions Avoid “garbage in, garbage out” Properly collect, store, analyze, and interpret your project-related data Optimize multi-criteria decisions in large group environments Use the Analytic Hierarchy Process (AHP) to improve complex real-world decisions Streamline projects the way you streamline other business processes Leverage data-driven Lean Six Sigma to manage projects more effectively

The Data Driven Project Manager

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Author : Mario Vanhoucke
language : en
Publisher: Apress
Release Date : 2018-03-27

The Data Driven Project Manager written by Mario Vanhoucke and has been published by Apress this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-27 with Business & Economics categories.

Discover solutions to common obstacles faced by project managers. Written as a business novel, the book is highly interactive, allowing readers to participate and consider options at each stage of a project. The book is based on years of experience, both through the author's research projects as well as his teaching lectures at business schools. The book tells the story of Emily Reed and her colleagues who are in charge of the management of a new tennis stadium project. The CEO of the company, Jacob Mitchell, is planning to install a new data-driven project management methodology as a decision support tool for all upcoming projects. He challenges Emily and her team to start a journey in exploring project data to fight against unexpected project obstacles. Data-driven project management is known in the academic literature as “dynamic scheduling” or “integrated project management and control.” It is a project management methodology to plan, monitor, and control projects in progress in order to deliver them on time and within budget to the client. Its main focus is on the integration of three crucial aspects, as follows: Baseline Scheduling: Plan the project activities to create a project timetable with time and budget restrictions. Determine start and finish times of each project activity within the activity network and resource constraints. Know the expected timing of the work to be done as well as an expected impact on the project’s time and budget objectives. Schedule Risk Analysis: Analyze the risk of the baseline schedule and its impact on the project’s time and budget. Use Monte Carlo simulations to assess the risk of the baseline schedule and to forecast the impact of time and budget deviations on the project objectives. Project Control: Measure and analyze the project’s performance data and take actions to bring the project on track. Monitor deviations from the expected project progress and control performance in order to facilitate the decision-making process in case corrective actions are needed to bring projects back on track. Both traditional Earned Value Management (EVM) and the novel Earned Schedule (ES) methods are used. What You'll Learn Implement a data-driven project management methodology (also known as "dynamic scheduling") which allows project managers to plan, monitor, and control projects while delivering them on time and within budget Study different project management tools and techniques, such as PERT/CPM, schedule risk analysis (SRA), resource buffering, and earned value management (EVM) Understand the three aspects of dynamic scheduling: baseline scheduling, schedule risk analysis, and project control Who This Book Is For Project managers looking to learn data-driven project management (or "dynamic scheduling") via a novel, demonstrating real-time simulations of how project managers can solve common project obstacles

Data Driven Approaches For Effective Managerial Decision Making

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Author : Anubha
language : en
Publisher: IGI Global
Release Date : 2023-05-08

Data Driven Approaches For Effective Managerial Decision Making written by Anubha and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-08 with Business & Economics categories.

In today’s competitive market, a manager must be able to look at data, understand it, analyze it, and then interpret it to design a smart business strategy. Big data is also a valuable source of information on how customers interact with firms through various mediums such as social media platforms, online reviews, and many more. The applications and uses of business analytics are numerous and must be further studied to ensure they are utilized appropriately. Data-Driven Approaches for Effective Managerial Decision Making investigates management concepts and applications using data analytics and outlines future research directions. The book also addresses contemporary advancements and innovations in the field of management. Covering key topics such as big data, business intelligence, and artificial intelligence, this reference work is ideal for managers, business owners, industry professionals, researchers, scholars, academicians, practitioners, instructors, and students.

Management Decision Making Big Data And Analytics

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Author : Simone Gressel
language : en
Publisher: SAGE
Release Date : 2020-10-12

Management Decision Making Big Data And Analytics written by Simone Gressel and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-12 with Business & Economics categories.

Accessible and concise, this exciting new textbook examines data analytics from a managerial and organizational perspective and looks at how they can help managers become more effective decision-makers. The book successfully combines theory with practical application, featuring case studies, examples and a ‘critical incidents’ feature that make these topics engaging and relevant for students of business and management. The book features chapters on cutting-edge topics, including: • Big data • Analytics • Managing emerging technologies and decision-making • Managing the ethics, security, privacy and legal aspects of data-driven decision-making The book is accompanied by an Instructor’s Manual, PowerPoint slides and access to journal articles. Suitable for management students studying business analytics and decision-making at undergraduate, postgraduate and MBA levels.

The Data Driven Leader

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Author : Jenny Dearborn
language : en
Publisher: John Wiley & Sons
Release Date : 2017-11-06

The Data Driven Leader written by Jenny Dearborn and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-06 with Business & Economics categories.

Data is your most valuable leadership asset—here's how to use it The Data Driven Leader presents a clear, accessible guide to solving important leadership challenges through human resources-focused and other data analytics. This engaging book shows you how to transform the HR function and overall organizational effectiveness by using data to make decisions grounded in facts vs. opinions, identify root causes behind your company’s thorniest problems and move toward a winning, future-focused business strategy. Realistic and actionable, this book tells the story of a successful sales executive who, after leading an analytics-driven turnaround (in Data Driven, this book’s predecessor), faces a new turnaround challenge as chief human resources officer. Each chapter features insightful commentary and practical notes on the points the story raises, guiding you to put HR analytics into action in your organization. HR and other leaders cannot afford to overlook the power and competitive advantages of data-driven decision-making and strategies. This book reflects the growing trend of CEOs choosing analytics-minded business leaders to head HR, at a time when workplaces everywhere face game-changing forces including automation, robotics and artificial intelligence. It is urgent that human resources leaders embrace analytics, not only to remain professionally relevant but also to help their organizations successfully navigate this digital transformation. HR professionals can and must: Understand essential data science principles and corporate analytics models Identify and execute effective data analytics initiatives Boost HR and company productivity and performance with metrics that matter Shape an analytics-centric culture that generates data driven leaders Most organizations capture and report data, but data is useless without analysis that leads to action. The Data Driven Leader shows you how to use this tremendous asset to lead your organization higher.

Business Analytics Volume I

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Author : Amar Sahay
language : en
Publisher:
Release Date : 2018-08-23

Business Analytics Volume I written by Amar Sahay and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-23 with Business & Economics categories.

This book deals with Business Analytics (BA) - an emerging area in modern business decision making. Business analytics is a data driven decision making approach that uses statistical and quantitative analysis along with data mining, management science, and fact-based data to measure past business performance to guide an organization in business planning and effective decision making. Business Analytics tools are also used to predict future business outcomes with the help of forecasting and predictive modeling.In this age of technology, massive amount of data are collected by companies. Successful companies use their data as an asset and use them for competitive advantage. Business Analytics is helping businesses in making informed business decisions and automating and optimizing business processes.Successful business analytics depends on the quality of data. Skilled analysts, who understand the technologies and their business, use business analytics tools as an organizational commitment to data-driven decision making.

Data Driven Business Decisions

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Author : Chris J. Lloyd
language : en
Publisher: Wiley
Release Date : 2012-01-13

Data Driven Business Decisions written by Chris J. Lloyd and has been published by Wiley this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-13 with Business & Economics categories.

A hands-on guide to the use of quantitative methods and software for making successful business decisions The appropriate use of quantitative methods lies at the core of successful decisions made by managers, researchers, and students in the field of business. Providing a framework for the development of sound judgment and the ability to utilize quantitative and qualitative approaches, Data Driven Business Decisions introduces readers to the important role that data plays in understanding business outcomes, addressing four general areas that managers need to know about: data handling and Microsoft Excel, uncertainty, the relationship between inputs and outputs, and complex decisions with trade-offs and uncertainty. Grounded in the author's own classroom approach to business statistics, the book reveals how to use data to understand the drivers of business outcomes, which in turn allows for data-driven business decisions. A basic, non-mathematical foundation in statistics is provided, outlining for readers the tools needed to link data with business decisions; account for uncertainty in the actions of others and in patterns revealed by data; handle data in Excel; translate their analysis into simple business terms; and present results in simple tables and charts. The author discusses key data analytic frameworks, such as decision trees and multiple regression, and also explores additional topics, including: Use of the Excel functions Solver and Goal Seek Partial correlation and auto-correlation Interactions and proportional variation in regression models Seasonal adjustment and what it reveals Basic portfolio theory as an introduction to correlations Chapters are introduced with case studies that integrate simple ideas into the larger business context, and are followed by further details, raw data, and motivating insights. Algebraic notation is used only when necessary, and throughout the book, the author utilizes real-world examples from diverse areas such as market surveys, finance, economics, and business ethics. Excel add-ins StatproGo and TreePlan are showcased to demonstrate execution of the techniques, and a related website features extensive programming instructions as well as insights, data sets, and solutions to problems included in the material. The enclosed CD contains the complete book in electronic format, including all presented data, supplemental material on the discussed case files, and links to exercises and solutions. Data Dr...

Data Driven Decision Making Using Analytics

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Author : Parul Gandhi
language : en
Publisher: CRC Press
Release Date : 2021-12-21

Data Driven Decision Making Using Analytics written by Parul Gandhi and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-21 with Computers categories.

This book aims to explain Data Analytics towards decision making in terms of models and algorithms, theoretical concepts, applications, experiments in relevant domains or focused on specific issues. It explores the concepts of database technology, machine learning, knowledge-based system, high performance computing, information retrieval, finding patterns hidden in large datasets and data visualization. Also, it presents various paradigms including pattern mining, clustering, classification, and data analysis. Overall aim is to provide technical solutions in the field of data analytics and data mining. Features: Covers descriptive statistics with respect to predictive analytics and business analytics. Discusses different data analytics platforms for real-time applications. Explain SMART business models. Includes algorithms in data sciences alongwith automated methods and models. Explores varied challenges encountered by researchers and businesses in the realm of real-time analytics. This book aims at researchers and graduate students in data analytics, data sciences, data mining, and signal processing.

Data Driven Decision Making For Effective School Leadership

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Author : Anthony G. Picciano
language : en
Publisher: Prentice Hall
Release Date : 2006

Data Driven Decision Making For Effective School Leadership written by Anthony G. Picciano and has been published by Prentice Hall this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Education categories.

Brief ContentsPrefacePrologue Concepts and Foundations of Data-Driven Decision Making Introduction to Data-Driven Decision Making Planning and Developing Information Resources Hardware, Software, and People Educational Research Methods and Tools Teachers and Administrators as Researchers Basic Applications Student Data, Demographics, and Enrollments School and the Community Financial Management and Budgeting Supporting Teaching and Learning Supporting Teachers and Their Professional Development Technical Support Review of Statistical Routines Used in this Book Introduction to Spreadsheet Software Introduction to the Statistical Package for the Social Sciences (SPSS) Database Management Terms and Sample Outline Internet Resources for Data-Driven Decision MakingGlossaryIndex Contents PrefacePrologue Concepts and Foundations of Data-Driven Decision Making Introduction to Data-Driven Decision Making Rationale for Adopting Data-Driven Decision Making Purpose of This Book Defining Data-Driven Decision Making An Old Idea: Knowledge Is Power Need for Planning The Systems Approach Organization of This Book SummaryReferences Planning and Developing Information Resources School Districts Take the Lead Defining Information Needs Database Management Systems Long-Term and Short-Term Data Resources SummaryCase StudyReferences Hardware, Software, and People A Brief Look at Infrastructure Hardware for Effective Data Management and Access Client-Server Architecture Software for Data Analysis Developing People Resources The Data Analyst SummaryCase StudyReferences Educational Research Methods and Tools The Scientific Method and Educational Research Educational Research Methods Ethnographic Research Historical Research Descriptive Research Correlational Research Causal Comparative Research Experimental Research Action Research Data Collection Tools Direct Observation Structured Interviews Document Analysis Surveys Test Instruments SummaryCase StudyReferences Teachers and Administrators as Researchers Learning Communities Action Research in Action Trial Testing a Peer Tutoring Program Multiple Intelligences in a Foreign Language Program Advancing to an Inclusion Program SummaryActivitiesReferences Basic Applications Student Data, Demographics, and Enrollments Student Data Enrollment Projections at the District Level Attendance Zones and Individual Schools Taking a Census Special Student Populations SummaryActivitiesReferences School and the Community Partnering with the Community: Broad-Based Surveys Anatomy of a Survey Who Will Participate in the Survey? What Data Will Be Collected? Data Analysis Is the Sample Representative of the High School Population? Do Students Have Access to the Internet? The Committee's Next Steps SummaryActivitiesReferences Financial Management and Budgeting Basic Terminology School District Budget School Budget The Canton Alternative School Budget Emergency SummaryActivitiesReferences Supporting Teaching and Learning States, Cities, Districts, Schools, Classes, Teachers, Students Improving Teaching and Learning Jefferson Middle School Developing a Plan Information Overload: A Caution SummaryActivitiesReferences Supporting Teachers and Their Professional Development Summative and Formative Evaluation Collecting Personnel Data Kingsland School District Case Study Keeping Track of Professional Development SummaryActivitiesReferences Technical Support Review of Statistical Routines Used in this Book Key Terms Descriptive Statistical Procedures Frequency Distributions Contingency Tables (Crosstabulations) Measures of Central Tendency Measures of Dispersion Measures of Relationship Correlational Coefficient Linear Regression Caution Introduction to Spreadsheet Software Overview and Key Terms Spreadsheet Structure Data Types and Data Manipulation Charts and Graphics Introduction to the Statistical Package for the Social Sciences (SPSS) Overview The Data Editor Creating a Data Set Defining Variables Transforming Data Options Data Analysis Procedures and the Output Viewer Graphs and Charts Database Management Terms and Sample Outline Internet Resources for Data-Driven Decision MakingGlossaryIndex.