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




Retirement Onboarding - Success & Risk
Nearly all of the 6 common exit strategies for contractors require the business to continue being successful for the outgoing owner to get paid. There are a couple of things that can be done to help ensure everything stays on track.
Mark Twain - Boundaries of Knowledge
Whether you are learning or training it is important to understand the boundaries of your own knowledge as well as the boundaries of those you are working with.
Cash Flow and the 5Cs of Credit - Character
Out of the 5C’s of Credit, character is the one that takes the longest to develop and can be lost in an instant. Character is like your safety EMR in that it is a multiplier for the other C’s, including how much capital you will need to leverage.