An Excel add-in that helps users build and analyze decision trees directly within Microsoft Excel spreadsheets.
TreePlan
- Excel
- Data Analytics, Mathematics, Project Management, Statistics
- Analysis of Variance (ANOVA), Business Process Reengineering (BPR), Project Management, Risk Analysis, Risk Management, Statistical Analysis
Features:
- Decision tree construction, influence diagrams, sensitivity analysis, expected value calculation, probability assignment, payoff definition, graphical representation of decision trees, policy suggestion
Pricing:
- Paid
- Simple and intuitive for creating decision trees in Excel, useful for decision analysis under uncertainty, helps visualize decision paths and expected outcomes, good for business and project decisions.
- Commercial software, primarily focused on decision tree analysis, may lack advanced features of dedicated decision analysis software, visual customization might be limited by Excel.
Best for:
- Business analysts, project managers, consultants, and students who need to build and analyze decision trees to support decision-making processes directly within Excel.