easy · Project Management Professional hybrid
Ironwood Grid is using Expected Monetary Value (EMV) to prioritize risks. Risk 1 has a 20% probability and an impact of 100,000. Risk 2 has a 50% probability and an impact of50,000.
Which risk has the higher EMV?
- Risk 1
- They both have the same EMV.
- Risk 2
- It depends on whether the risk is a threat or an opportunity.
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