Using the information and instructions in the Spreadsheet, complete an analysis of the decision tree for the phase in the RFID project and the possible issues that may arise by phase. Follow the instructions in the spreadsheet for changing probabilities in the decision tree and observing how the project phases as well as the overall project are impacted.

Inputs
Delay Overbudget Technical Problem Requirements Problem Probability P1 P2 P3 P4 Yes/No Problem Result DT Total
Phase 1 RFID Design 3900 1260 1800 3300 Delay 0.2 0.3 0.15 0.25 1 2253 7625.5
Phase 2 RFID Integration  1520 3465 2600 3640 Overbudget 0.5 0.5 0 0 1 2492.5
Phase 3 Luggage Conveyor Design 4800 960 1665 8320 Technical Problems 0.5 0.5 0 0 1 2880
Phase 4 Luggage Convey Install 4165 2500 4165 3320 Requirements Problems 0.5 0.5 0 0 0 0
Output 14385 8185 10230 18580
Total 51380
1. Once the spreadsheet is open, click on F9 to see the numbers in the simulation change.
2. Click on F9 multiple times and make note of how each phase of the development varies. Also, make note of the category totals
and overall totals as they change.
3. Experiment with changing the probabilities in the grayed out table (P1-P4 Corresponding to Phases 1-4). Examine how the
phase outcomes change as well as the overall DT (Decision Tree) total.
4. Discuss observations with your team as a means of considering the risks faced in the development project.

 

Activity 2: Update your risk register, assumptions log, issue log, and risk report. Document positive risk (if applicable).