Decision analysis – Interpreting the analysis and what to expect

Deterministic results may be easy to interpret but may lead to inferior decisions. Considering uncertainty provides greater insights into the decisions to be made. We will use a case study and the free Excel tool SIPmath to interpret uncertain results and make a good decision considering our value measures and risk preferences.

You can contact me at [email protected] or on Linked-In. Also visit my YouTube channel to see many applications of SIPmath.


Handout and slides

About The Speakers

Brian Putt

Brian Putt

Decision Quality Consultant, Putt DQ Consulting

Brian is currently a Decision Quality Consultant to assist organizations in making good decisions using probabilistic analysis. He maintains a YouTube Channel that include a number of instructional videos on Excel and SIPmath applications. After retirement from Chevron in 2016 he has volunteered with the non-profit Probability Management ( to promote Decision Quality using SIPmath. Brian is also active in the Society of Decision Professionals (SDP) and is chairing the Greater San Francisco Bay Area Chapter which brings together practitioners of Decision Quality and other individuals such as Data Scientists that are interested in the subject with the objective of promoting better decision quality. He also leads an SDP interest group on Cost and Schedule Risk analysis.