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.
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)
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