Mind map
SAB6#132_Decision_Tree
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SAB6#132_Decision_Tree
Decision trees 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
Take the risk and multiply by the impact. For opportunities use a positive cost. For threats use a negative one
It calculates the expected monetary value (probability times impact). With a decisión tree, you could evaluate the costs and benefits of several risk responses at once to determine with would be the best option
Expected monetary value (EMV)
EMV= P*I
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- Description
- PMP Certificación PMP (11 Risk Management) Mind Map on SAB6#132_Decision_Tree, created by Beto L on 16/07/2015.
- Created by
- Beto L · Jul 2015
- Updated
- Feb 19, 2016
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- 2
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- Created by erika.alcaraz.de · Jul 16, 2015
- Copied by Beto L · Jul 16, 2015
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