|Module Description |Business Plan 4 |
|Lecturer |CHAN CHEE SENG |
|Project Name |Candy house |
|Class Number |BA0710 BA0804 |
|Date of Submission |December 18th |
|NB |Student Number |Student Name ( English and Chinese ) |Percentage of contribution |
|1 |07103 |Bill Ju Feng 居峰 |100% |
|2 |0710 |Billy Heng Mengze 衡梦泽 |80% |
|3 |0710 |James Que Wenchao 阙文超 |80% |
|4 |0804311002 |Tenny Zhang Tianlin …show more content…
The decision process begins by precisely defining the problem or opportunity, along with the objectives and constraints.[4] Next, the possible decision factors that make up the alternative courses of action (controllable factors) and uncertainties (uncontrollable factors) are enumerated. Then, relevant information on the alternatives and possible outcomes is collected. The next step is to select the best alternative based on chosen criteria or measures of success. Then a detailed plan to implement the alternative selected is developed and put into effect. Last, the outcome of the decision and the decision process itself are