Abstract

Due diligence refers to taking time to think about all the angles and visualize all the possible things that can occur and be roadblocks to the project. In addition, the project also faces challenges owing to changes in internal and external environment. It is noted that decision support system (DSS) guides in building a project in an objective and quantifiable way. It is effectively used to justify or disqualify the value of the project. The project is extended with known rules of probability to obtain a formula that can predict the outcome of the project. To obtain the best decision to do a project or not, it is important to know what questions to ask, how to ask them, break the complex problems down into manageable chunks, know what exactly a DSS is and what it can do, build decision trees that drive to the best answer, and finally, know how to support that decision.

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