Скачать или смотреть 💰 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