easy · Project Management Professional Hybrid Approaches
A project manager at Quill Digital sees a Expected Monetary Value (EMV) of -$12,000 for a single threat in the risk register.
What does this number represent?
- The actual cost the project will pay if the threat occurs.
- The budget overrun currently being experienced by the project.
- The statistical average of the threat's impact across multiple scenarios.
- The amount of management reserve required for this specific risk, without revisiting the agreed prioritization criteria.
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