Expected monetary value for a project
Expected monetary value (EMV) for an entire project is calculated by:
A. Creating a probability and impact matrix
B. Performing a sensitivity analysis
C. Adding the EMV for each risks
D. EMV can only be determined for each risk, not for an entire project
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Dear Gabe,
I’m still an assidous reader of your daily PMP question that I appreciate a lot and I can’t thank you enough for this. However, about yesterday’s and today’s ones on expected monetary value, I think you should amend the acronyms you’ve used. You’ve written EVM instead of EMV each time, which is confusing because EVM also means earned value management in PM’s context.
Thanks again and kindest regards,
Cyrille
Cyrille, thanks for finding my typo. I don’t think I’ve ever made that mistake before in class but somehow when I wrote those questions, I transposed the V and M every single time!
I have a good number of readers everyday and no one ever points out typos but you. It’s always nice to have another set of eyes.