The process of analyzing and making judgement calls based on facts is called Decision Making.
Explanation:
Decision making is an essential recurrent part of every aspect of life. As simple as it sounds, many go about it wrongfully. Notice that the definition mentions <em>judgement calls based on </em><u><em>fact. </em></u>When decisions are made based on assumptions, it almost always never creates a positive result.
Even after facts have been established, considerations have to be made to determine how the best line of action maybe communicated as well as executed.
