Project Simple Decision Tree

The decision tree tool generates a tree-like graph or model of decisions and their possible consequences, including resource costs, and utility.

  • Easy to use, just fill-in the blanks
  • Flexible, add or delete content
  • Illustrative example included
  • Available – Instant download



The tool is used to quantify risks which can help make decision making easier. Decision tree analysis (DTA) uses Expected Monetary Value (EMV) analysis internally. A decision tree is about making decisions when you’re facing multiple options. The decision giving the highest positive value is selected. EMV is a tool which is used to numerically analyze the effect of identified risks on overall project objectives. It calculates the average outcome when the future includes uncertain scenarios.

Expected Monetary Value (EMV) = Probability of the Risk (P) * Impact of the Risk (I)

How to use it:

Enter your decision options and the cost of each option. Also, enter the probability and payoff values.
This calculates the value of each decision and the highest value of decision is the decision chosen.

Additional information


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