Decision Analysis Process

Decision analysis is the discipline that helps decision makers choose wisely under uncertainty.

"Decision analysis is what you do when you don't know what to do."

Three features characterize the formal DA process:

The principal tools for expected value calculations are decision tree analysis and Monte Carlo simulation.

Decision Precision

Training and assistance by John Schuyler, CAM CMA  CMC  CPIM PE  PMP, Aurora & Denver, Colorado, USA

Risk and Decision Analysis in Projects, 2nd edition, by John Schuyler, 2001, Project Management Institute

Copyright 2005-2008 by John R. Schuyler. All rights reserved.