Analysis
Decision-making and risk analysis diagrams.
A horizontal bar chart used in sensitivity analysis to compare the relative importance of uncertain variables.
How It Works
- Each bar represents one variable's range of impact on the outcome
- Sorted largest (top) to smallest (bottom) — tornado shape
- Wider bar = project is more sensitive to that variable
Commonly used in quantitative risk analysis to identify which risks have the greatest potential impact.
A graphical representation of a decision-making situation showing relationships between decisions, uncertainties, and outcomes.
Components
- Rectangle: Decision nodes (choices)
- Oval: Uncertainty nodes (chance events)
- Diamond/Hexagon: Value/Objective node (outcome being optimized)
- Arrows: Influence relationships
Provides a high-level view before detailed analysis. Often used as a precursor to decision trees.
An extension of a scatter plot where a third variable is represented by bubble size.
Typical Uses
- Risk analysis: X = probability, Y = impact, Size = urgency or cost exposure
- Portfolio management: Compare projects by value, cost, and risk simultaneously
- Stakeholder mapping: Power, interest, and influence in three dimensions