💰 Expected Monetary Value (EMV) Explained! | PMP Fundamentals скачать в хорошем качестве

💰 Expected Monetary Value (EMV) Explained! | PMP Fundamentals

💰 Expected Monetary Value (EMV) Explained! 🎯 | PMP Exam Quick Tip 🚀 💡 How do we calculate the financial impact of risks? Expected Monetary Value (EMV) is a Quantitative Risk Assessment technique that helps project managers evaluate risk-based decisions using probability & impact! ✅ What is Expected Monetary Value? 🔹 A formula: EMV = Probability × Impact 🔹 Helps in decision-making & cost-benefit analysis 🔹 Often used with Decision Tree Analysis 🌳 📌 Example: 🔹 Option A: 🎲 50% chance of gaining $2000 EMV = 2000 × 50% = $1000 🔹 Option B: 🎲 90% chance of gaining $1500 EMV = 1500 × 90% = $1350 📊 Which option is better? ✅ Since Option B has a higher EMV ($1350), it’s the better choice! 🔥 Why use EMV? 🚀 Helps compare risk-based decisions in financial terms 🎯 Supports cost-benefit analysis for risk response planning 📊 Provides data-driven insights for better decision-making ⚠️ PMP Exam Tip! 📌 You won’t need to calculate EMV in the exam, just understand it’s a probability-based method for risk evaluation! 📢 PMP aspirants, take note! 🎥✅ #RiskManagement #EMV #PMPExam