Decision trees (DTs) and influence diagrams (IDs) are used in many project management decisions. Understanding when and how to use these tools is a vital part of the project management role. Using what you have learned, answer the following questions:
What is uncertainty? Explain the steps involved in creating a decision model.
What are the advantages and disadvantages of DTs and IDs?
Explain how you may use DTs and IDs in project decisions.
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