Instructions: This is an individual assignment, students are expected to generate their work individually by performing the following steps: Create a decision tree for the Team Size (either 8 or 11 team members) Create a 2x2 payoff matrix (8 + 11 team members, overworked + work/life balance)

Compare the values generated by the decision tree to the payoff matrix and explain the similarities or differences.

Describe the value the sensitivity analysis may provide to decision making. Reference at least 1 professional or academic source to support your understanding. Do not use blogs such as PM Study Circle. (Answers should be in the range of 250 500 words)

Case Updates: Referencing the Pineapple Wheels Case Study, the project had a 28-month timeline. At the project start, the team size is a key decision with the following options Option A. Project is supported by 11 team members Team Cost = $200K 10% probability the team is overworked and misses the launch date.

Pineapple wheels would pay a $100K penalty 90% probability the team achieves work/life balance and meets the launch date.

Pineapple Wheels would pay a $5K bonus to each team member Option B. Project is supported by 8 team members Team Cost = $150K 80% probability the team is overworked and misses the launch date.

Pineapple wheels would then pay a $100K penalty 20% probability the team achieves work/life balance and meets the launch date.

Pineapple Wheels would then pay a $5K bonus to each team member