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

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Question ajoutée par BAO DANG TAN , Technical Manager , Vector Infotech
Date de publication: 2017/04/16
Krishna   KHASANIS  PMP
par 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
par Muhammad Farooq , QA-QC Manager , AL Bawani Contracting Co

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

Javad Taghavi
par 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.

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

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