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




Cash Flow and the 5Cs of Credit - Capital
The 2nd of the 5Cs of Credit is how much capital you are putting at risk, along with your financial partner. Contractors should design and follow their own capital management policies appropriate for their business.
Retirement Onboarding - Communicating Family Succession Plans
How do you effectively communicate family succession plans? With transparency in your communications, properly preparing someone for leadership, and identifying potential skill gaps and behavior problems.
Theory of Constraints (ToC) Basic Overview
You will never have enough resources to make every possible improvement to your company. The most important leadership question: If every other area of the operation remained the same, what is the one area where change could have the greatest impact?