Step 1 - ANALYZE

Decision-Making Decisions

1.1: State goals and objectives ("objectives")

1.2: Define roles and responsibilities of decision makers

1.3: Brief decision-makers on objectives, standards, policies, and regulations

Step 2 - STRATEGIZE

Decision-Making Decisions

2.1: Identify sources and levels of Risk.

2.2: Identify Assets.

2.3: Identify Time Horizons.

Step 3 - FORMALIZE

Decision-Making Decisions

3.1: Define the strategy that is consistant with RATE.

3.2: Ensure the strategy is consistant with implementation and monitoring constraints.

3.3: Formalize the strategy in detail and communicate.

Step 4 - IMPLEMENT

Decision-Making Decisions

4.1: Define the process for selecting key personnel to implement the strategy.

4.2: Define the process for selecting tools, methodologies, and budgets to implement the strategy.

4.3: Ensure that service agreements and contracts do not contain provisions that conflict with objectives.

Step 5 - MONITOR

Decision-Making Decisions

5.1: Prepare periodic reports that compare performance with objectives.

5.2: Prepare periodic reports that analyze costs, or ROI, with performance and objectives.

5.3: Perform periodic examinations for conflicts-of-interest and self-dealing, and breaches of a code of conduct.

5.4: Prepare periodic qualitative or performance reviews of decision-makers.