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Jan 2012

How to turn data into decisions

Making decisions and taking action is fundamental for CGMA designation holders. The development of a global marketplace with competition from non-traditional sources has and continues to increase the number and frequency of decisions CGMA professionals are required to make on a regular basis. The risk of making a poor decision has never been higher, nor has the number of required applications for analytical tools.

This primer provides an overview of how CGMA professionals can add value to the decision-making process in their organisation and includes:

  • Key components to a systems approach to decision-making.
  • Factors which significantly influence our interpretation of data and therefore decision-making, drawing on the study of behavioural finance.
  • “How to” instructions for using various decision tools.

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Selecting and managing the significant data (evidence) and transforming it into information are important to making good or accurate decisions.

CGMA Resources

Browse the full range of Thought Leadership resources here.
 

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