Devil s Advocate Auditor Executive Decision Making 2014 is a conference that provides practical skills and tools that Devil`s Advocate Auditors can use, including
- Assessing Analogues and Antilogs
- Adopting Chain Analysis
- Calibration Curves
- Business Model Analysis Grid
- Failure Modes and Effects Analysis
- Competition Value-Added Matrix
- Positive Deviance
- James-Stein Estimator
- Risk Calculators and Risk Matrices
- Project Attractiveness Score Sheet
- Vulnerability Assessment
- SERVO Analysis
how to avoid falling into decision making pitfalls such as:
- Risk Homeostasis
- Confirmation Bias
- The Delusion of Single Explanations
- Illusory Correlation
- Conjunction Fallacy
- Fundamental Attribution Error
- Shreckenberg`s Self-Destroying Prognosis
- The Illusion of Brian Plasticity
- Munchausen Management Syndrome
- The Hawthorne Effect
- Application of Learning
- Probablistic Contamination
Devil`s Advocate Auditors can enhance the quality of their employers decision making in terms of:
- Recommending methods to ensure that sufficient discussion and debate precedes proposed corporate transactions
- Determining the soundness of business models of contemplated business partners or investment targets
- Benchmarking the integrity of the data under review in the context of launching a new product
- Running business proposals through a gauntlet of risk management tools
- Assessing how much of the success of the person your client is considering partnering with, is due to skill versus luck
- Gauging the point at which the acquisition data represents diminishing marginal returns
- Ensuring that business plans are vetted with appropriate precedents, as well as, against both analogues and antilogs
- Pointing out decision making traps in consideration of contemplated acquisitions
