How to create a decision-making framework

Published by a LexisNexis Risk & Compliance expert
Practice notes

How to create a decision-making framework

Published by a LexisNexis Risk & Compliance expert

Practice notes
imgtext

Decisions are made all the time that are taken effectively and implemented well. But decisions are also made that may seem confused, over-complicated or ineffective. This Practice Note considers why you need a decision-making framework, what such a framework should include, tools you can use during the decision-making process and how to create and implement a decision-making framework for your organisation.

Why do we need a decision-making framework?

Decision frameworks provide a structured way to make decisions that support and enhance the organisation. The goal for all decision-making should be to maximise the probability of positive outcomes.

A decision framework will enable you (or your department or organisation) to:

  1. keep everybody aligned

  2. ensure decisions are visible through all levels of planning

  3. make clear how choices and plans support department or organisational strategies

  4. work in an ethical way

  5. meet compliance and regulatory requirements

  6. make decisions at the right pace based on a clear process

  7. consult the right people, but clearly identify the final decision maker

  8. gain stakeholder buy-in for implementing

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Outcomes definition
What does Outcomes mean?

The sra code of conduct contains outcomes which when achieved will benefit clients and the public at large.

Popular documents