When making decisions about app development, a decision tree expected monetary value analysis can be a useful tool. This analysis helps identify the most cost-effective option by taking into account various factors, such as expenses and profits from different development paths. It also takes risk into consideration, allowing developers to weigh potential outcomes based on their likelihood of occurrence. By utilizing this approach, developers can make informed decisions on what route to take with their app development. With EdrawMax, one can easily create similar diagrams. EdrawMax also allows exporting such detailed diagrams in multiple formats, including Graphics and Office.
