All entries for Thursday 28 February 2013

February 28, 2013

WaveRiders and making decisions

The decision making process for WaveRiders has been a great learning process for me and the team. Working on the financials of the team and constructing the decision tree and cost benefit analysis gave us a very clear idea of how such factors could determine the location of the new WaveRiders factory.

It was an eye opener how options which seemed viable in the beginning to the team are proved to be unsuitable when an in-depth analysis is conducted. Being extremely lifelike our team meets on a strict timetable and works diligently, as we would have if we were in a real company.

This exercise will definitely be beneficial to the team in the long run.


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