A project team needs to decide whether to retrofit a fleet of bicycles as e$-$bikes instead of buying brand new ones. The agile coach conducts a group exercise.

Review the notes on the whiteboard:

Retrofit old bikes

$60\%$ probability of success with a profit of US$$50,000$

$40\%$ chance it will lose US$$50,000$

Buy new bikes

$50\%$ chance of profit greater than US$$25,000$

$50\%$ chance of cost recovery

What is this project team doing?

Question $3$ options:

Weighing two options using Pareto analysis

Performing cost$-$benefit analysis

Using decision tree analysis

Executing a cost performance formula