A project manager is evaluating multiple project proposals, each with different risks, costs, and expected benefits. Which of the following tools would BEST assist in analyzing these options by visualizing the potential consequences of each choice?
Gantt chart
Run chart
Pareto chart
Decision tree
A decision tree is a graphical representation that outlines various decision paths and possible outcomes, including risks, costs, and benefits. It allows project managers to systematically evaluate each option by visualizing the implications, making it an effective tool for decision-making in complex scenarios. Other tools like Gantt charts and Pareto charts serve different purposes and do not provide the same level of detailed outcome analysis.
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