Chapter Meeting – July 2023: Decision-Making in the Age of BIG-DATA

This is a Virtual Meeting
Non-Members $0, Members $0, Volunteers $0.

Abstract:

Today, in the face of information overload, and choice overload, our decision-making tends to become overly influenced by personal biases, intuition, prior experience, illusions, and perception.

This workshop will help you recognize, and identify the Perils & Pitfalls of Decision-Making; and make you aware of the Decision-Contamination, and Decision-Manipulation. Finally, we will get an insight into Analytical Decision-Making, as a remedy. We will also present the tools, and techniques, available to make decisions that are timely, consistent, optimal, and defensible.

The greatest misunderstanding about negotiating is that it is adversarial in nature. In reality, it is a problem-solving process where each side sees the other as a potential partner – it is not designed for those with a trial or debating mentality.

After this one-hour session, learners will be able to:

• Recognize human irrationality and illusions that creep into decision making
• Understand key factors that impact decision making
• Make bid-evaluation and vendor-selection defensible

 

Speaker:    Prof. Errol Wirasinghe Ph.D.

Dr. Errol's Journey (2 min.): https://youtu.be/Q98nNy4UtFI

About the Speaker: 

Dr. Errol Wirasinghe, started his working life as an Engineering Apprentice as a welder, and blacksmith.

Subsequently, he graduated as Valedictorian, and obtained his Ph.D. in the UK.

He spent 27 years as a Research Scientist, Univ. Professor, and Oil & Gas Engineer/Consultant. Then in 1999, changed careers to focus on “Decision-Making” and “Negotiating” (training and consulting).

He has published books on “Decision-making”, and on “Negotiating”.

Additionally, he owned & operated two retail stores; Founded an Equipment Leasing Company, and also founded a Procurement Company, supplying to Oil Companies in Angola.

He was honored by the Society of Petroleum Engineers as one of their 2009-10 Distinguish Lecturers.

Meeting Agenda

5:30 - 6:00 PM   Join and Information Exchange

6:00 - 6:20 PM   NCPMI Announcements

6:20 - 7:35 PM   Featured Presentation: “Decision-Making in the Age of Big Data”

7:35 - 8:00 PM   Q&A