1. Copyright © 2009 First Steps Training & Development, Inc. All rights reserved. 11 Trouble Shooting Logic Choice Analysis Down Side Risk Presented by:

2. Copyright © 2009 First Steps Training & Development, Inc. All rights reserved. 2 Choice Analysis Choice Statement  Defines the outcome  Contains Action, Object, Key Qualifier(s) Criteria  Results expected  Resources to invest or conserve  Internal & External Constraints Mandatory Criteria  Measurable  Realistic Limit Desirable Criteria Options Down Side Risk Make Final Choice ROI DSR 

3. Copyright © 2009 First Steps Training & Development, Inc. All rights reserved. 33 Final Thoughts about the Choice Statement Once you have a Choice Statement the choice is already made....the only thing left up in the air is, “Which one?” A poorly thought out Choice Statement can get you the very best of something you either don’t want or don’t need! If you always do what you always done you’ll always get what you always got!

4. Copyright © 2009 First Steps Training & Development, Inc. All rights reserved. 44 Audit Criteria Does each Criteria mean the same thing to everyone? Are all Mandatory Criteria Measurable with a Realistic Limit? Has the limit of each Mandatory Criteria been “stretched”? Where appropriate has a Mandatory Criteria sponsored a Desirable Criteria? Are there any “basket” criteria…and…but… Are there and “double valued” Criteria? Do all the Criteria truly relate to the Choice Statement? Are any of my Criteria really Options? Are all interested parties Criteria included in the list? Is the list of Criteria balances short term vs. long term? Based upon the “Audited list of Criteria” should the Choice Statement be revisited?

5. Copyright © 2009 First Steps Training & Development, Inc. All rights reserved. 55 Buy best new family car MCost no more than $25,000.00 5Maximum gas mileage 8Has a good repair record according to CU MCapable of towing a 2500-pound trailer 10Seats four adults comfortably MFits into a 17' garage so the door will close 3Maximum luggage space 10Has good acceleration 8Minimum cost

6. Copyright © 2009 First Steps Training & Development, Inc. All rights reserved. 66 Determine Down Side Risk Identify the risks inherent in each Potential Choice Get out the information Envision that you have made the choice. then ask, “If this event happens, then what is the Impact?”

7. Copyright © 2009 First Steps Training & Development, Inc. All rights reserved. 77 Determine Down Side Risk Assess the Probability of the event occurring and its impact if it does on a High ( H ), Medium ( M ), Low ( L ) scale for each

8. Copyright © 2009 First Steps Training & Development, Inc. All rights reserved. 88

9. 99 Final Choice Family Special ROI DSR 

10. Copyright © 2009 First Steps Training & Development, Inc. All rights reserved. 10 For more information, or to schedule a workshop, contact: Toll Free: (800) 211-0871 www.FirstStepsTraining.com 10 Trouble Shooting Logic Choice Analysis Down Side Risk