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"consequential decision making" is correct and usable in written English
You use it when you want to describe a decision-making process that takes into account the potential consequences of the decision. For example: "The CEO was praised for his consequential decision making, taking into account how the company's actions might affect employees, shareholders, and the environment."
Exact(2)
It was concerned with decision making and consequential decision making.
Interviewer: Together with Michael Cohen and Johan Olsen (Cohen et al. 1972), you have introduced the garbage can model which caused quite a stir among the proponents of consequential decision making.
Similar(58)
And whether you're tuned into cable news or social media, you've no doubt heard two names drilled into your head over and over and over again -- leading many to the conclusion that the 2016 presidential election is the only consequential decision being made by voters this year.
How much time do elites like David Boies invest in consequential decision-making before investing in a yacht or another hobby?
The technological advances of the last decade have made bad decision making easier and more immediately and widely consequential.
His dinner invitations serve as an important reminder that there should at the very least be some chronological separation between donor solicitation and consequential decision-making.
The consequential decision-making generally emanates from the European Council, which is comprised of heads of state and governing ministers from member nations.
Decision making.
If risk aversion is associated with real world decision making in aging as it is at younger ages, then these findings may suggest that older persons, particularly those with lower cognitive abilities, could benefit from assistance in understanding risk/benefit ratios and considering all possible options (not just the safe choice) when making consequential decisions.
Decision making skills.
As Ezra Klein of The Washington Post noted recently, this turned out to be one of the most consequential decisions Obama and Reid made.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com