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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? Question 3 options: Using decision tree analysis Executing a cost performance formula Performing cost-benefit analysis Weighing two options using Pareto analysis

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