Improving Management Decision Making

Module assessment

The module will be evaluated by one individual assignment of up to 3,500 words.

Scenario

Imagine that last week you presented, to your Board of Directors, a decision analysis of a major decision problem that your organisation is facing. The decision can be real or imaginary.

Today, you received a memorandum from the Managing Director, copied to the Board, which expresses scepticism about your recommended decision and the underpinning analysis. Your Managing Director requests a full written justification and explanation of your recommendation. He argues that his, alternative, gut-feel is the better decision.

Assignment

Your assignment is to:

Prepare a written response to your Managing Director using an illustrative case example. The case example should be original and may be current, based on a decision facing an organisation for which you have worked in the past, or totally imaginary. (70 marks)
Provide a balanced appraisal of the advantages and limitations of the decision analytic approach. (30 marks)

I attach a sample work which was submitted as a pre-assignment work and got 64%. I would need a different topic with main analyses from assessment and charts and tables related to chosen topic.

Future Energy International seeks to identify an approach that is appropriate for remediation of hydrocarbon-contaminated sites. The identified source contains residual free phase hydrocarbon that dissolves through a gradient that extends to the groundwater and it has raised concerns of future contamination. The initiative to remediate the site is critical to the company for maintaining compliance with environmental regulations and practicing ethical business practices. The success of this project is critical because it will form a basis for future operations. It will provide important insights into the management of such environments and strategic process that have reasonable financial costs.

The identified site for this project is an active production area situated in an oil refinery field in Qatar. The contamination of the soil by hydrocarbons can have serious effects on the environment. Subsequently, it is fundamental that the company has strategic risk management measures that include preventing such contaminations as well as remediating such conditions. Previously, the company used an approach that involved excavation of the contaminated soil as soon as the environmental issue was identified. The approach is relatively inefficient and costly. In this light, there is a need for increased efficiency, reduced costs, and a sustainable technique to handle the contamination. The inefficiency of this process brings forth potential environmental problems that range from immediate to impact being felt in the future. For instance, it can pollute water courses on the ground and underground. From another perspective, the effects can be felt in a remote area with no environmental receptors. In this analysis, the assumption made is that the impact of the contamination will take effect in the foreseeable future with availability of environmental receptors. Moreover, the analysis assumes that the remediation process is important because the impact could lead to various penalties to the organization following the pollution.

The site analysis leads to the assumption that the sand, silt, and clay layers of the soil on the site formed a potential contaminant transport pathway that could facilitate contamination of the immediate site and the groundwater. The argument on the effects that would be felt in the foreseeable future is based on the ideology that groundwater is found below the root zone and a few meters below the surface. Assuming that the flow velocity of the groundwater is several meters per year, it will take the contaminants a few years to reach the groundwater. Additionally, even if the conditions are mitigated from the surface, it will be difficult or impossible to address the contaminations that reach the groundwater. The board of the company has approved the initiative to drill monitoring wells that offers sample data. The information gathered has helped the company to approximate the levels of free phase and dissolved hydrocarbons. From these investigations, a report presented to the board showed that the impact of the pollution is sufficiently large…

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