Tag Archives: Decision Trees

Decision Trees: A Common PMP Risk Analysis Tool

With the release of the Project Management Body of Knowledge (5th Edition), several knowledge areas are expanding.  PMBOK (4th Edition) expanded the Risk Management Knowledge area by acknowledging the value of both insurable and business related risk.  Business related risk introduces the probability of enhanced value due to opportunistic risk outcomes.  Within the arena of … Continue reading Decision Trees: A Common PMP Risk Analysis Tool