November 2019
Intermediate to advanced
376 pages
9h 1m
English
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CHAPTER 14
Choosing What Is Most Important
Sensitivity Analysis and Correlations
To establish project priorities, it is important to identify which activities will have the greatest effect on a project and also to understand how those activities correlate. Our judgment about correlation and causation is affected by a number of biases, such as illusory and invisible correlations and covariation assessment. Sensitivity analysis helps us discover correlations within a project.
What Are Correlations? Why Do We Need to Analyze Them?
Let’s assume that you were extremely lucky and found a map of treasures hidden on a remote island, similar to the map from Robert Louis Stevenson’s classic novel Treasure Island (figure 14-1). You arrive at the site ready ...
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