Decision Tree - PowerPoint, Google Slides, PDF

A decision tree is a graphical representation that starts with a central idea (root node) and branches out to show what happens when you make different decisions.

The graphical elements of a decision tree allow you to create a step-by-step plan and add minor details. So once you pick a specific path, you can already know how it will end.

A decision tree has four parts:

• Root node: Where the tree begins.
• Decision nodes: Possible routes to solve your problem. 
• Leaf nodes: Possible outcomes of your decisions.
• Branches: Arrows that connect each node.

You can analyze a decision tree in four steps:

• Identify the root node, your main problem or idea, and write it at the top of the flowchart.
• Flesh out your decision tree and ensure each decision eventually hits an endpoint.
• Calculate the risks and rewards. Crunch the numbers to determine how much each decision will likely cost you.
• Evaluate the outcomes and determine the best decision based on how much risk you're willing to take.

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Yes, you can. Replace the information on the decision tree with details about your business.