The primary advantage of using decision-tree analysis in project risk management is that it

The primary advantage of using decision-tree analysis in project risk management is that itAs a graphical way to bring together information, decision-tree analysis quantifies the likelihood of failure and places a value on each decision. Usually applied to cost and time considerations, this form of risk analysis may be linked to a sensitivity analysis.

Question:

The primary advantage of using decision-tree analysis in project risk management is that it

Options:

Considers the attitude of the decision maker toward risk

Forces consideration of the probability of each outcome

Helps to identify and postulate risk scenarios for the project

Shows how risks can occur in combination

Correct Answer

The Correct Answer for this Question is

Forces consideration of the probability of each outcome

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