Decision Making is the Growth Forge® Software tool for framing and recording project stage-gate and tranche investment decisions, the proposal, the supporting assumptions and evidence, the decision-makers, the outcome (Continue, Pivot, Pause, or Stop), and the decision rationale. It's where the investment decision itself is framed and captured, distinct from the readiness assessment in Strategy Evaluation.
Portfolio managers and decision-makers running investment reviews, and new-product or business project leaders preparing a funding proposal.
What is Decision Making in Growth Forge?
It's the formal mechanism for defining and recording investment decisions for a project, whether a stage-gate transition or an incremental funding tranche, including the proposal, evidence, decision-makers, and the recorded outcome.
How do I run a stage-gate or funding decision?
Frame the decision as the specific next increment of investment, assemble the supporting assumptions and evidence, confirm who decides and who's involved, then record the outcome and rationale. Strategy Evaluation supplies the readiness picture; the decision is captured here.
What are the possible outcomes?
Continue, Pivot, Pause, or Stop, with Stop a first-class, healthy outcome. The rationale is recorded alongside the outcome.
How is this different from the Strategy Evaluation tool?
Strategy Evaluation assesses readiness against the stage's criteria and prepares the case; the Decision Making is where the actual investment decision is framed, made, and recorded.
What does it connect to?
It draws on the project’s strategy hypothesis model and Strategy Evaluation and feeds the Portfolio Management dashboard.