All-New PrecisionTree^® 5.0
PrecisionTree performs decision analysis in Microsoft Excel using decision trees and influence diagrams.  Decision trees let you visually map out complex, multi-layered decisions in a sequential, organized manner.  This helps you identify all possible alternatives and choose the best option.

New PrecisionTree 5.0 has been rewritten with a more streamlined interface and robust new analyses.

What’s New in PrecisionTree 5.0
Getting Started in PrecisionTree 5.0

PrecisionTree Industries and Applications

INDUSTRY DEFENSE   ENGINEERING     ENVIRONMENT   » Case Studies   FINANCE AND SECURITIES   » Case Studies   GOVERNMENT     HUMAN RESOURCES     INSURANCE   MEDICAL / PHARMACEUTICAL / HEALTHCARE       OIL/GAS/ENERGY       TECHNOLOGY   » Case Studies   SAMPLE APPLICATION War and engagement modeling Earthquake and disaster planning Structural planning and integration   Resource management Preservation programs Portfolio selection Real options analysis Budget planning Capital projects Job classification Applicant evaluation Applicant classification and evaluation Medical diagnosis Vaccination and treatment planning New product analysis Exploration and production Wildcatting Drilling and well development Speech recognition IT systems integration Customer support

Excel Ease of Use

PrecisionTree is a true add-in to Microsoft Excel, integrating completely with your spreadsheet. Browse, define, analyze—while never leaving Excel. PrecisionTree nodes, branches, and arcs are placed directly in your model, and values appear in the formula bar.  Context-sensitive right-click menus and the PrecisionTree toolbar make learning and navigating PrecisionTree a snap.

How PrecisionTree Works

Build a Decision Tree
Decision trees provide a formal structure in which decisions and chance events are linked in sequence from left to right.  Decisions, chance events, and end results are represented by nodes and connected by branches.  The result is a tree structure with the "root" on the left and various payoffs on the right.  Probabilities of events occurring and payoffs for events and decisions are added to each node in the tree.  With PrecisionTree, you’ll see the payoff and probability of each possible path through a tree.

You can add PrecisionTree functions to any cell in a spreadsheet and can include arguments that are cell references and expressions - allowing great flexibility in defining decision models.  You can also collapse and restore branches to the right of any given node for simplicity and easier navigation through the tree.

Analyze Your Results
PrecisionTree determines the best decision to make at each decision node and marks the branch for that decision TRUE. Once your decision tree is complete, PrecisionTree’s decision analysis creates a full statistics report on the best decision to make and its comparison with alternative decisions.   

PrecisionTree can create a Risk Profile graph that compares the payoffs and risk of different decision options.  It displays probability and cumulative charts showing the probabilities of different outcomes and of an outcome less than or equal to a certain value.

 See cumulative Risk Profile graph

PrecisionTree can also perform a sensitivity analysis by modifying the values of the variables you specify and recording the changes in the expected value of the tree.  You can change one or two variables at a time.  Results include sensitivity, tornado, spider, and strategy-region graphs.

 See 2-way sensitivity graph 

Two Editions to Meet Your Needs

Decision trees Influence diagrams Risk profile reports Sensitivity analysis Compatibility with @RISK Variety of advanced features Policy Suggestion Report Strategy Region Graphs Number of Tree Nodes PrecisionTree Professional • • • • • •     1000 PrecisionTree Industrial • • • • • • • • Unlimited

Designed for your largest, most complex models, PrecisionTree Industrial adds the following features:

Policy Suggestion Report – A reduced version of the decision tree that displays only the optimum decisions in your model.  It includes a Policy Decision Table which lists each decision in a model, the probability of arriving at that decision, and the benefit of making the correct choice for that decision.

 See Policy Suggestion report 

Strategy Region Graphs – One-Way Strategy Region graphs display the expected values for each decision over the range of one variable. Two-Way Strategy Region graphs show you which decision is optimal over the range of two variables.

Unlimited tree nodes – For your largest models, PrecisionTree Industrial allows decision trees of unlimited size.

 See Strategy Region graph

PrecisionTree Features & Benefits

 

FEATURES Decision trees Seamless integration into Microsoft Excel   Intuitive toolbars and right-click menus Risk profile reports Sensitivity analysis Policy Suggestion Report Strategy Region Graphs   Reference nodes and collapsible branches Logic nodes Linked trees and VBA payoff calculations Utility functions PrecisionTree Developer Kit   Compatibility with @RISK Influence diagrams BENEFITS Visually understand a decision, identify best options, and communicate results to others Never leave your spreadsheet; get up to speed quickly Easy navigation—multiple ways to perform common tasks Shows payoffs and risks of different options Identifies most influential variables in a decision Shows optimal decisions and payoffs Displays value of decisions over ranges of 1 or 2 variables Streamline large trees for easy navigation Allows conditional modeling Allows complex payoff computations outside of the tree itself Account for decision maker’s attitude toward risk when calculating the best decision Automate and customize PrecisionTree with Excel VBA Account for uncertainty and run Monte Carlo simulations to see all possible outcomes in your tree Visually summarize a decision

Licensing and Training
PrecisionTree is available through a variety of licensing options, including corporate, network, and academic licenses. Training, consulting, and books can be bundled with your software to ensure you and your staff get the most out of your investment.

Part of the DecisionTools Suite
PrecisionTree is available by itself or as part of the DecisionTools Suite, Palisade’s complete risk and decision analysis toolkit.  The DecisionTools Suite includes @RISK, which adds risk analysis to Excel using Monte Carlo simulation, TopRankfor what-if analysis, NeuralTools and StatTools for data analysis, and more. DecisionTools Suite components are compatible with each other can be combined for greater insight and analysis. For example:

PrecisionTree and @RISK
PrecisionTree represents chance events and payoffs with discrete values or probabilities. When combined with @RISK, @RISK enhances the analysis by representing continuous ranges of outcomes for chance events and payoffs. By running Monte Carlo simulation on your decision tree, you'll see more possible outcomes of your decision than you could with static tree values alone.

Watch how PrecisionTree and @RISK work together

PrecisionTree and TopRank
PrecisionTree models can also be run with TopRank to identify the most critical factors in larger, more complex tree models. TopRank performs sensitivity analysis on your tree.

» More about The DecisionTools Suite

Save Over 50% When You Buy the Suite
The DecisionTools Suite costs less than buying just two component products separately. In fact, you save over 50% versus buying all components individually. The best analyses at a great price–with the DecisionTools Suite.

» Price Comparison Chart

100% Excel

PrecisionTree calculations are performed 100% within Excel, supported by Palisade sampling and statistics proven in over twenty years of use. Palisade does not attempt to rewrite Excel in an external recalculator to gain speed. A single recalculation from an unsupported or poorly reproduced macro or function can dramatically change your results. Where will it occur, and when?

Compatibility: Compatible with PC Excel 2000 and higher and PC Windows 2000 and higher.