Create a decision tree with the software of your choice (Word, PowerPoint, Visio, etc) and make an OFFICE document or PDF

Assume that when you check the schedule on day 60 of the project, it becomes evident that two additional engineers are needed to ensure on-time completion of the project. The engineers cost $25,000 each and a fee of $120,000 is issued by the legacy provider. The probability of completing the project on time is as follows: With the current personnel – 60%; With one engineer – 80%; With both engineers – 98%.

Fully explain your rationale in the document you create. How does your decision tree flow? What are your decision points, and most importantly, what is your recommendation and how did you arrive at this conclusion? Is there a point of diminishing return where it would be so expensive that it wouldn’t be worth it to employ the additional resources? Why or why not? Be sure to use proper business communication and consider your audience to be business leaders in the organization at which you are employed.

Answer rating: 100% (QA)

Decision Tree Algorithms which determine different ways of dividing dat... View the full answer