Palo Alto, CA, October 20, 2014 – Strategic Decisions Group congratulates Chevron as the first recipient of the Society of Decision Professional’s Raiffa-Howard Organizational Decision Quality Award. The award acknowledges the company’s excellence in applying the principles of Decision Quality (DQ) throughout the organization.

“We congratulate the team at Chevron for this well-deserved honor,” said Carl Spetzler, CEO of Strategic Decisions Group. “Chevron’s decision processes–which include the Chevron Way, Capital Stewardship, and Project Management System – are best in class, and its full adoption of Organizational Decision Quality (ODQ) puts the organization ahead of its peers. Chevron has outperformed its peer group in total shareholder return for both the last five- and 10-year periods, showing that ODQ has demonstrated significant value for the company.”

Chevron will be presented the inaugural Raiffa-Howard Award at the Society of Decision Professional’s gala to celebrate 50 years of Decision Analysis, held on November 8, 2014 in San Francisco. The celebration will be held in conjunction with the INFORMS 2014 Annual Conference.

“As we celebrate the golden anniversary of Decision Analysis, all decision professionals should celebrate Chevron’s achievement,” said Spetzler. “SDG is proud to have played a role in Chevron’s adoption of DQ. This is a major advance for our field—like the first runner that broke the four-minute mile. Now that it has been achieved, we can expect to see many others to follow.”

To watch the extended presentation of the inaugural Raiffa-Howard Award at the SDP gala, click here.