An apt decision is the need of an hour. This workshop deals with the various tools and techniques to understand important facets of decision-making process, which minimizes the cost of decision. Decision analysis is a set of formal tools that can help managers make more informed decisions in the face of uncertainty. Although applying even the most rigorous decision analysis does not guarantee infallibility, it can help you make sound judgments over the course of your career. This workshop discussed Decision trees, sensitivity analysis, conditional probability and risk analysis. Students are well equipped with application of such tools for decision making under uncertainty. Dr. Vinod Waiker has conducted the workshop.