Saturday, November 29, 2008

Expected Monetary Value (EMV) Analysis

EMV is:

  • a method of calculating the average outcome when the future is uncertain (i.e. Opportunities will have positive values and risks will have negative values).

  • found by mulitplying the monetary value of a possible outcome by the probability it will occur.

  • used in decision tree analysis.

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Recommended Books on PMP

Suggested Study Materials

  • PMP-Preparation Recommended Books
  • PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
  • A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
  • The PMP Exam: How to Pass On Your First Try (Test Prep series)