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Project Risk and Cost Analysis by Deborah Singer Dobson, Michael S. Dobson

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 7 

Quantitative Cost Analysis Tools

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Learning Objectives

By the end of this chapter, you will be able to:

•  Identify whether a particular cost is deterministic or probabilistic.

•  Perform a cost-benefit analysis including both deterministic and probabilistic costs.

•  Calculate an Expected Monetary Value (EMV) for two or more states of nature.

•  Prepare and interpret a decision tree analysis.

•  Perform a sensitivity analysis.

Estimated timing for this chapter:

Reading 30 minutes
Exercises 2 hours 40 minutes
Review Questions 15 minutes
Total Time 3 hours 25 minutes

QUANTITATIVE COST ANALYSIS

Quantitative risk analysis tools, ...

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