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| Criterion |  Decision Making PERT Estimation |  Decision Making Risk Matrix |  Operations Failure Mode and Effects Analysis |
|---|---|---|---|
Purposedifferent | On complex initiatives, a plain average tends to understate just how uncertain the outcome really is. It separates options, evaluation criteria, and open risks. The result is captured as a PERT Estimate, Expected Value, and Risk Notes. | When a project faces many possible disruptions, it quickly becomes unclear which risks deserve attention first. It separates options, evaluation criteria, and open risks. The result is captured as a Risk Matrix and a Top Risk List. | For a process, product, or service with noticeable failure risks, the method assesses possible failure modes in advance. It directs attention to combinations of occurrence, effect, and detectability. |
Complexitydifferent | Medium | Low | High |
Timedifferent | 15-45 min | 30-60 min | 2-6 h |
Participantsdifferent | 1-8 | 3-10 | 3-10 |
Formatdifferent | Workshop + async | Workshop + async | Workshop |
Outputdifferent | PERT Estimate, Expected Value, Risk Notes | Risk Matrix, Top Risk List | FMEA Table, Risk Priority, Mitigation Actions |
Tags1 shared | EstimationUncertaintyRisk | RiskDecisionPrioritizationAssessment | RiskQualityOperationsRoot cause |
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