Decision Trees Report Build in-house or outsource, and New vs Used Cars
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Decision Trees Report Build in-house or outsource, and New vs Used Cars
OPTION #1: DEVELOPMENT OF APPLICATIONS: IN-HOUSE OR OUTSOURCE DECISION TREE
Create a decision tree to determine if your project team should design an application that allows users to easily access their accounting spreadsheets in-house or outsource the work to a contractor. Because the specifications for this project were not completed precisely during the requirements gathering phase, there is a chance that the final product will fail customer acceptance testing. Although implementing the project in-house will be more expensive, there is a good likelihood that users will accept it, avoiding costly revisions.1. Determine whether you should create the application in-house or outsource it using the data in the table below. Choose the one that requires the least amount of money. 2. Using the SilverDecisions website (http://silverdecisions.pl/SilverDecisions.html?lang=en (Links to an external site.)), create a decision tree to illustrate outcomes for each decision node. Although the SilverDecisions program is simple to use, there is a manual available at http://silverdecisions.pl/. (Links to an external site.). 3. Determine the expected value of each result and present your findings (Probability x Impact). 4. Save your decision tree to your PC as a.png file. 5. Describe the best choice and why it is the greatest option based on the outcome.
In-house application development costs $95,000
Outsourcing the work of designing the application will cost $80,000.
If built in-house, how likely is it to pass user acceptability testing?90% of the time
If work is outsourced, what are the chances of passing user acceptability testing?
30% of the totalIf constructed in-house, the cost of revisions after user acceptability testing is $50,000.
If the task is outsourced, the cost of revisions after user acceptability testing is $25,000Include a cover page, an introduction, headings/subheadings for the body of your work, analysis, and suggestions, a conclusion, an appendix, and a list of references in your writing. For a more comprehensive list of criteria, see https://csuglobal.libguides.com/writingcenter/apa7 writing templates/papers/. (This is a link to an external site.)
Your response, including your decision tree, should be 1-2 pages long and follow the CSU Global Writing Center’s guidelines (Links to an external site.). For submission, copy and paste your exported SilverDecisions.png file into a Microsoft Word document.For more information on assignment expectations and grading, see the Critical Thinking Assignment grading rubric below. Review Section 11.4.2.5 of the PMBOK Guide (6th ed.) for help in creating a decision tree, paying special attention to Figure 11-15.
DECISION TREE #2: NEW VERSUS USED CARS
Make a decision tree to assist you in deciding whether to buy a new or used car. The most significant concern or risk associated with acquiring a secondhand car is the possibility of needing repairs and not knowing about any previous issues the vehicle may have had. A old car has a 40% probability of needing repairs within a year; yet, a new car has a 90% chance of not needing any repairs during that time. A used automobile will set you back $7,500, while a new car would set you back $15,000.1. Determine whether you should buy a used or new car using the information in the table below. Choose the one that requires the least amount of money. 2. Using the SilverDecisions website (http://silverdecisions.pl/SilverDecisions.html?lang=en (Links to an external site.)), create a decision tree to illustrate outcomes for each decision node. Although the SilverDecisions program is simple to use, there is a manual available at http://silverdecisions.pl/. (Links to an external site.). 3. Determine the expected value of each result and present your findings (Probability x Impact). 4. Save your decision tree to your PC as a.png file. 5. Describe the best choice and why it is the greatest option based on the outcome.
The price of a new automobile
$15,000
How much does it cost to buy a used car?
$7,500
90 percent chance of not needing repairs within a year
40 percent chance of repairing a used automobile within a year
Repair costs for a new car
$5,000
Repairs for a used automobile cost $9,000¬¬¬¬Decision Trees Report Build in-house or outsource, and New vs Used Cars
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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