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Navigating Project Uncertainty with Decision Trees

Project Risk Coach

Enter Decision Tree Analysis, a robust tool that, quite literally, helps you see the forest for the trees. How to Perform Decision Tree Analysis Here's a step-by-step guide on how to perform decision tree analysis for quantitative risk analysis. Next, define what you are trying to achieve with this decision (e.g.,

PMI 221
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Expected Monetary Value (EMV): A Project Manager’s Guide

Rebel’s Guide to PM

At the end of it, you get a decision tree that summarizes the financial impact of following a course of action. You could use it to decide between more, but then I find the decision trees become messy and it’s a lot more work. EMV is a risk analysis tool that helps establish the contingency reserves for your project activities.

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Be the tree

Brett Harned

After a busy winter, spring break in Joshua Tree sounded refreshing and exciting, and it certainly did not disappoint. Something about Joshua Tree inspires and calms me.   But there’s something else really amazing about driving through miles and miles of Joshua trees. I spent last week in California with my family.

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Resource Requirements in Project Management: A Quick Guide

ProjectManager.com

More time-consuming, but accurate, is a work breakdown structure, or a hierarchical tree diagram that helps you to identify the project deliverables and tasks. More time-consuming, but accurate, is a work breakdown structure, or a hierarchical tree diagram that helps you to identify the project deliverables and tasks.

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Three more team building lessons from gardening

Kiron Bondale

A few years back I replaced a large but unhealthy tree in my backyard with a small fruit tree. There were a few smaller stunted flowering shrubs under the old tree. Just like the three ingredients which go into fertilizer, there are three components for learning – formal training, relationship-based, and experiential.

Energy 246
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Common complaint: “Scrum Doesn't Work Here”

Scrum.org

Solution: Stop measuring a fish by its ability to climb a tree. Likewise, if Scrum isn't “working” in today’s software engineering industry, then perhaps there are counter-signals in the industry that are preventing teams from employing Scrum effectively. Here are two examples of such counter-movements: 1.

SCRUM 145
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How To Manage Your First Meeting With A Project Sponsor

Rebel’s Guide to PM

One of the best training courses I attended for Project Management was on influencing strategies with Learning Tree. Meeting a project sponsor for the first time is an opportunity to impress. It’s also your chance to start the project off well by understanding exactly what it is that your sponsor wants from you. Helen Curel , UK.

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