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Copy of PACED Decision Making Model

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Marsha Masters

on 20 February 2015

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Transcript of Copy of PACED Decision Making Model

PACED Decision
Making Grid

PACED Decision Making Grid
The PACED Decision Making Grid is a helpful tool when someone wants to make an informed decision.

Each letter represents a step in the decision making process.
PACED
1. State the
P
roblem.
2. List the
A
lternatives.
3. List the
C
riteria
4.
E
valuate the Alternatives.
5.
D
ecide.

1. (
P
) Problem
What is the problem?
What decision are you trying to make?
What is the issue at hand?

2. (
A
) ALTERNATIVES
What are the alternatives?
What actions are you considering?
What options are available to you in
this decision?

3. (
C
) CRITERIA
What are the criteria important to the decision?
What goals do you hope to accomplish in making your decision?
What values are important to me?
Which criteria are more important than others? How do you rank them?

4. (
E
) EVALUATE

Evaluate each alternative.
Evaluate each alternative on the basis of each criterion.
Give each alternative a plus (+) or a minus (-) according to how well it meets each criterion

5. (
D
) DECIDE.
Make a decision.
Calculate the net value of each alternative; which alternative best meets your highest-ranking criteria?
What do you gain with each alternative?
What do you give up with each alternative?

PACED Grid
Using a PACED Grid
will help you
visualize the decision
making process.
Example
Problem
I just received $50.
What will I do with my money?



I decided to buy the video game.
Decision
Opportunity Cost
The next best choice when making a decision is your opportunity cost.

My opportunity cost is putting my money in a savings account.
Full transcript