Create one decision tree and a fault or event tree that would support the exploration of risk for one of the above projects. The decision tree must be created to support a major risk-related decision likely to be faced by the project.
The fault or event tree should offer at a minimum a listing of potential risks and impacts in the event of two smaller failures.
For example, a smaller failure could be the loss of water pressure or a fire in a construction project rather than examining what risk was involved with the collapse of the construction project.
Write a discussion of the risks that supports the fault tree, event tree, or decision tree that has been created. Make a separate write up for each of these smaller risks associated with the fault tree or event tree.
Your paper should have a general introduction that should introduce the decision tree and fault or event trees that will be discussed, and then the paper should have a discussion regarding each tree. The discussion write-up regarding the identified risks should be from three to five pages in length.
Note that this page length is a guideline and if you find that your paper supporting the risk tree is longer, there will be no penalty, because the final assignment will need to be from 15-20 pages in length.
Sample Outline of Typical Course Project Paper Part II
Course Project Part I
Introduction
Decision Tree Analysis
Discussion of Decision Tree
Fault Tree
Discussion of Fault Tree
Conclusions
Works cited