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Show how you determined your choice by using a Decision Tree (draw and annotate your decision tree, including: decision, chance and terminal nodes, branches,

 

Show how you determined your choice by using a Decision Tree (draw and annotate your decision tree, including: decision, chance and terminal nodes, branches, values of each node. 1. To have a starting point for the detailed Risk Management deliverables, the Project Manager has directed you to prepare a Risk Register which includes the following information: risk name, risk type (threat or opportunity), trigger, objective, probability, and impact. Be sure to include 8 to 10 threats, and 2 to 3 opportunities. He has asked that you plot the risks included in your register on an Impact/ Probability Matrix. 2. The Project Manager is considering procuring Monte Carlo software to use for the life of the project. He has asked that you provide an opinion on if the project should make this investment or use alternatives. Be sure to provide your rationale, the pros and cons of using the software and some of the anticipated challenges (either of using the software or using alternatives). 3. Given the size of the project, the Project Manager would like a list of risk tools that need to be implemented. Provide a summary of the top three tools that you think should be used on the project. For each tool be sure to outline how the tools is used, when in the Risk Management process it is used, and the benefits of using the tool. Note: your list should not include Monte Carlo analysis, as this is already being discussed above.

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