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How to make a decision tree in Microsoft Excel PLUS how to use it. This is a wonderful tool for more complex decisions where we consider the benefit or cost (often in dollars, but it could be anything) and the probability of that point occurring (as a percentage) to see which option out of many options is the best outcome for us.
time stamp
00:00 Decision Tree Overview – How to use a decision tree
03:05 Creating our own decision tree
03:27 Creating the decision tree shapes
07:38 Using the shapes to create our decision tree
10:16 Finished decision tree
#ProjectManagement #Excel
Watch all videos about project templates for Excel and Powerpoint: https://www.youtube.com/playlist?listPLEWFSKHjyrwydP0YBztsIdu47Csvp5KXf
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