Multi Criteria Decision Analysis (MCDA)
Multi-Criteria Decision Analysis (MCDA) is a theoretically sound approach for assessing preference, while understanding relative importance of the key aspects of the decision. It is the methodology we commonly use for prioritisation and complex decisions, and fits within the Prioritise Phase of the P5 Decision Framework.
MCDA has more than 40 years of history and successful track record as a methodology for decision-making. It was developed and has been proven by the London School of Economics & Political Sciences, and major USA Universities including Harvard and MIT
MCDA provides a way of looking at complex problems with mixed monetary and non-monetary objectives (i.e. what we often call, hard and soft objectives). This method of analysis allows a large problem to be broken into manageable pieces while enabling “apples and oranges” to be compared using an established common metric of value and creating an audit trail. It facilitates an evaluation using multiple criteria.
Fundamentally, MCDA helps maximise the value we can achieve from limited resources, aiding in sound decision-making.
Catalyze are experts in the application of MCDA, including structuring MCDA models, designing decision criteria, and facilitating rigorous relative evaluation of alternatives.
On behalf of Military Strategy Branch, I would like to thank-you for your expert contributions and facilitation of the Multi Criteria Decision Analysis Band 1/ 1 Star Workshop. I commend you for the significant preparatory effort, the agile and adaptive approach of your team… and the quality of work provided on the day and through subsequent analytical work.
Thank-you again for your services and I look forward to our continued engagement.