Project Risk Assessment using Decision Tree Induction

Abstract:

The aim of this paper is to present the concept of project risk assessment using the DeTreex inductive knowledge acquisition system, based on decision tree induction introduced by Quinlan. The proposed approach can constitute the basis for building an expert system dedicated to the process of risk assessment of projects carried out in production and service enterprises, as well as in an entire supply chain. Hypothetically, it is assumed that gathered and structured expert knowledge of the relations between risk probability, risk impact on project activities and the risk level of each of these may facilitate the elaboration of effective rules for the knowledge base.
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