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What is the next step if the EMV ( Expected Monetary Value) = 0?

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تم إضافة السؤال من قبل BAO DANG TAN , Technical Manager , Vector Infotech
تاريخ النشر: 2017/04/16
Krishna   KHASANIS  PMP
من قبل Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

EMV is one of the tool used for Quantitative Risk Analysis ; when EMV is zero means there is no risk; either you can stop quantitative risk analysis or proceed with further analysis using Monte Carlo technique to analyze overall risk in the project. 

Thanks for the invitation.

Muhammad Farooq
من قبل Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

Agreed with Mr. Javad reply ----------------

Javad Taghavi
من قبل Javad Taghavi , Program Manager, Senior Adviser in Project Management , KCE Co.

EMV has widrange applications, one its application is in quantitative impacts of risks in projects.

I tnis case EMV= impact * probability. So if EMV=0 then impact=0 or probabily=0

Thus, the considered event may be a risk, but not for over project, then we we up date our documents like risk register.

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