Changing a Good Decision Making Process Based on Results

Construction projects are complex requiring thousands of decisions made across dozens of teams over many months to ultimately result in a good outcome

D. Brown Management Profile Picture
Share
Leadership Tools: Resulting. Don't Confuse Good Results with Good Decision Making Processes. Book: Thinking in Bets by Annie Duke.

As a leader in the construction industry the majority of your value-add is:

  1. Making good decisions
  2. Ensuring those decisions are executed
  3. Teaching others how to do the same  

In a simple system the decision tree may have a few known variables and a single clear path which is easily trainable.  

Most project decisions are more complex having more variables and outside influences impacting results over a longer time span.  Given time pressures and limits of the human brain only a few of those variables can be accounted for accurately in our mental model of a situation.  

The results of a good decision making process are not 100% good but the average results over time are good.  Resulting is a term used in poker when a player starts changing a good decision making process based on the resulting outcomes.  This seems logical but will lead to an overall decline in results with increased variability.   

Smarter, Faster, Better


Contact us to learn how we train teams to make better decisions




Six Daily Questions to Drive Team Engagement
Construction leaders are facing a growing challenge working to keep project teams working effectively together across multiple companies. At the business level, the need to keep team members engaged to both attract and retain talent.
Collections and Retention Trend Metric
Assuming that a contractor’s project team has done an effective job of aggressively billing the project, the biggest variable that remains for cash flow is the effectiveness of collections.
Lead Measures and Outcomes: Starting with the Schedule of Values (SOV)
It is nearly impossible for a contractor to have consistently great cash flow if they have a Schedule-of-Values (SOV) that isn’t loaded properly and integrated with the project schedule, including a projection of the cash flow.