PMP / CAPM exam Question bank

Want help on questions?. You can post here or you can post sample questions. Anything related to PMP questions go here.

EMV Question

As part of Quantitative Risk Analysis, a project manager has derived four packages with the following probability and impact. Using EMV (Expected Monetary Value) which one should he use in the project?
A) Work package I : Probability 15 % & Impact $ 20,000
 B)Work package II: Probability 7 % & Impact $ 10,000
  C) Work package III: Probability 7 % & Impact $ 15,000
  D)Work package IV: Probability 15 % & Impact $ 10,000

Pages