Question: A project manager is working through potential options using a decision tree. Scenario A has a failure impact of $5,000 with a probability of 25
A project manager is working through potential options using a decision tree. Scenario A has a failure impact of –$5,000 with a probability of 25 percent, and no impact if successful; and scenario B has a failure impact of –$3,500 with a probability of 65 percent, and no impact if successful. Which scenario should the project manager choose?
A. Scenario A B. Scenario B C. Neither scenario D. Insufficient information provided
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
