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Data Driven Decision Making Checklist Template

This document outlines a 7-stage process for data-driven decision making: 1. Stage One involves defining objectives and getting started by identifying roles, educating stakeholders on DDDM, and defining goals. 2. Stage Two is framing the assignment by identifying high impact business areas and hypotheses. 3. Stage Three is the data process of identifying needed qualitative and quantitative data sources and assessing reliability, costs, and timelines. 4. Stage Four is filling data holes by obtaining missing data, setting budgets, and engaging service providers. 5. Stage Five is data collection by assigning roles and defining protocols. 6. Stage Six is data analysis by testing hypotheses, modeling scenarios,

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124 views

Data Driven Decision Making Checklist Template

This document outlines a 7-stage process for data-driven decision making: 1. Stage One involves defining objectives and getting started by identifying roles, educating stakeholders on DDDM, and defining goals. 2. Stage Two is framing the assignment by identifying high impact business areas and hypotheses. 3. Stage Three is the data process of identifying needed qualitative and quantitative data sources and assessing reliability, costs, and timelines. 4. Stage Four is filling data holes by obtaining missing data, setting budgets, and engaging service providers. 5. Stage Five is data collection by assigning roles and defining protocols. 6. Stage Six is data analysis by testing hypotheses, modeling scenarios,

Uploaded by

Dhruv
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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DATA-DRIVEN DECISION MAKING

CHECKLIST

Stage One – Define Objectives and Get Going


1. Identify the roles and people you need for this project, especially any specialized talent.

2. Make sure everyone understands the basics of DDDM and buys into the value of data-driven decision making.

3. Define the goals of your project. Articulate them in specific, measurable terms such as,
“We seek a 20 percent reduction in customer returns over six months.”

Stage Two – Frame the Assignment


1. Identify the area of your business where your effort will have the biggest impact.

2. Articulate the key question in the form of a hypothesis, an if-then statement that can be proven or disproven.

Stage Three – Data Process


1. Identify the data you need

a. Qualitative vs Quantitative

b. How many sources of data will you need?

c. Will it be reliable and comparable?

d. Are the benefits worth the costs?

e. How long will it take to get the data?

f. How much of the data are you already collecting?

Stage Four – Filling Data Holes


1. Where can you obtain data that you do not have?

2. Set a budget for this.

3. Get necessary approvals

4. Identify any service providers needed and engage them.


Stage Five – Data Collection
1. Assign people to data collection and management roles.

2. Define the process and protocols for data collection.

3. Clean and preliminarily process data.

Stage Six – Data Analysis


1. Using analytics, test your hypothesis.

2. Model different scenarios based on changing variables.

3. Identify potential change actions.

Stage Seven – Present Findings and Decisions


1. Create a presentation of your findings using visualizations and graphics where possible.

2. Articulate concrete benefits for proposed changes.

3. Make decisions.

4. Form an implementation plan.

5. Communicate with key stakeholders.


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