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A project team needs to decide whether to retrofit a fleet of bicycles as e-bikes instead of buying brand new ones. The agile coach conducts

A project team needs to decide whether to retrofit a fleet of bicycles as e-bikes instead of buying brand new ones. The agile coach conducts a group exercise. Review the notes on the whiteboard: Retrofit old bikes

  • 60% probability of success with a profit of US$50,000
  • 40% chance it will lose US$50,000

Buy new bikes

  • 50% chance of profit greater than US$25,000
  • 50% chance of cost recovery

What is this project team doing?

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