In the decision-making process, which step involves estimating the timelines for each step?

In the decision-making process, the step that involves estimating the timelines for each step is essential for effective planning and execution. This step allows managers to create a structured timeline that outlines how long each phase of a project will take, which is critical in managing expectations and ensuring that resources are allocated efficiently. By determining the time required for each step, a manager can identify potential bottlenecks or challenges, prioritize tasks, and ensure that the project remains on schedule.

This stage contributes to setting deadlines, facilitating accountability, and aligning team efforts towards achieving overall objectives. Timely project execution is crucial in maintaining a competitive edge and meeting organizational goals, making this estimation step vital for successful decision-making and implementation.