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How to MAKE (and USE) Decision Tree Analysis in Excel
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👍 Ready made and ready to use.
How to make a Decision Tree in Microsoft Excel, PLUS how to use one. This is a wonderful tool for more complex decisions, where we take the benefit or cost (often in dollars, but could be anything) and the probability of that item happening (as a percentage), to see which option out of many options will be the best outcome for us.
Timestamps
00:00 Decision Tree overview - How to use a decision tree
03:05 Creating our own Decision Tree
03:27 Making the Decision Tree Shapes
07:38 Using the shapes to make our Decision Tree
10:16 Finished Decision Tree
#ProjectManagement #Excel
How to make a Decision Tree in Microsoft Excel, PLUS how to use one. This is a wonderful tool for more complex decisions, where we take the benefit or cost (often in dollars, but could be anything) and the probability of that item happening (as a percentage), to see which option out of many options will be the best outcome for us.
Timestamps
00:00 Decision Tree overview - How to use a decision tree
03:05 Creating our own Decision Tree
03:27 Making the Decision Tree Shapes
07:38 Using the shapes to make our Decision Tree
10:16 Finished Decision Tree
#ProjectManagement #Excel
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