What is Decision Tree Analysis?

In project management, decision tree analysis is similar to mapping out your options and probable outcomes in the form of a tree-shaped diagram. Consider it as making a significant choice and mapping out all the different pathways and outcomes like branches on a tree. You begin with the trunk, which is your core decision or scenario, and then branch out into many possibilities or choices. Each branch represents a distinct option, and the leaves are the consequences or outcomes of those options. Using this strategy, you may clearly explore the potential outcomes of many actions and select the path that leads to the greatest conclusion for your project. It is a method of planning and analyzing decisions by outlining all possible outcomes.