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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.
Agreed with Mr. Javad reply ----------------
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.
Thanks for the invitation. I agree with the given answers.