Decision Tree Analysis
The decision tree is a diagram that describes a decision under consideration and the implications of choosing one or another of the available alternatives. It is used when some future scenarios or outcomes of actions are uncertain. It incorporates probabilities and the costs or rewards of each logical path of events and future decisions, and uses expected monetary value analysis to help the organization identify the relative values of alternate actions. See also expected monetary value analysis.
Exclusive Articles Results here.
Research Center Results here.
The Project Management Search Engine Results here.
[ Go Back ]
PMBOK® Glossary Terms and Definitions (3rd Edition) Copyright © by PMConnection - (8845 reads) | 
