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SAB7#132
DECISION TREE
- Decision trees can help you if you have to choose between
many alternatives, you should analyze how each choice
benefits or hurts the project before making decision.
- They are models of real situations and are used to make informed decisions
about things like "Which option should I choose? or How will I solve this
problem" by taking into account the associated risks, probabilities and impacts.
- A decision tree takes into account future events in making a decision today
- With a decision tree, you could evaluate the cost and benefits of several
risk responses at once to determine which would be the best option.
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