Stage/gate process

How do companies decide which projects to implement, without wasting large sums of money on dud projects?

When you’re working in the project delivery field, you’ll hear of terms such as project gating or phasing system. This is a common delivery approach that systematises what I covered in a previous blog on Making Decisions. I suggest you read that blog so you can understand the fundamentals. It may also help you make better decisions in your daily life.

I’ve drawn up a much more simplified schematic of the stage-gate system.

Making Decisions

Did he have a decision making process?

What should I do? There’s too many options to decide.

Is this one of your common problem? Would it help you to know a couple of simple techniques that many companies use to make decisions?

Decision-making is a problem for many people. I faced the same challenges when I was a young engineer. A mentor of mine taught me a technique that I later studied at university, and used on projects. I've taught this technique to my children so they can use it during their life journey. I hope it will help you too.