Expected Value Analysis (EVA) is a decision-making tool used to determine the suitability of an action or investment. One of the most popular models for EVA is the decision tree, which can help you visualize the expected value of a proposed decision. When applied to renovating a hotel, this approach provides valuable insight into whether or not it is worth pursuing such an endeavor. The decision tree lays out all the available choices and helps calculate their expected return on investment. Similar design templates are readily available at EdrawMax. Users can easily access template collections at EdrawMax and download them for personal and professional usage.