Decision tree

Decision tree

A graphical representation of the decision problem that shows the sequential nature of the decision-making process.

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Part of Speech: noun
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Industry/Domain: Business services
Category: Project management
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Related terms

decision tree

Professional careers; Sales

A decision-making tool in which alternative options are portrayed graphically as branches on a tree, also referred to as a decision flow diagram.

decision tree

Engineering; Electronic engineering

In decision theory, a diagram showing alternative choices, so called from its resemblance to a tree with branches.

decision tree

Economy; Economics

A device for structured decision making that spells out the choices and possible consequences of alternative actions.

decision tree

Weather; Meteorology

A graphical representation of all possible outcomes and the paths by which they may be reached; often used in classification tasks. The top layer consists of input nodes (e.g., ...

decision tree

Business services; Project management

A graphical representation of the decision problem that shows the sequential nature of the decision-making process.

decision tree

Financial services; General Finance

Schematic way of representing alternative sequential decisions and the possible outcomes from these decisions.

simulation

Business services; Project management

A simulation uses a project model that translates the uncertainties specified at a detailed level into their potential impact on objectives that are expressed at the level of the ...

project life cycle

Business services; Project management

A collection of generally sequential project phases whose names and numbers are determined by the control needs of the organization or organizations involved in the project. A ...

direct costs

Business services; Project management

The costs directly attributed to a work-scope, such as labor, material, equipment, and subcontracts, but not the cost of operations overhead and the labor, material, equipment, ...

skill

Business services; Project management

Ability to use knowledge, a developed aptitude, and/or a capability to effectively and readily execute or perform an activity.

project management (PM)

Business services; Project management

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

direct labor costs

Business services; Project management

Costs accruing from expended labor excluding the bonus portion of overtime, insurances, and payroll taxes.

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