Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

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

Project Management
user-image
Question added by BAO DANG TAN , Technical Manager , Vector Infotech
Date Posted: 2017/04/16
Upvote (0) Views (6) Followers (4) Answers (4) Report Question
Write an Answer
Register now or log in to answer.
Krishna KHASANIS PMP
by 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
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

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

Javad Taghavi
by 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.

Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+

Thanks for the invitation. I agree with the given answers.

Write Your Answer
More Questions Like This