EMV Question
Submitted by san on Wed, 05/15/2013 - 12:45
Forums:
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
