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
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