PMP (Project Management Professional) · Question
To calculate the Expected Monetary Value (EMV) of a risk, what two factors are multiplied together?
Expected Monetary Value (EMV) is calculated by multiplying the probability of a risk event occurring by its monetary impact. It helps quantify risk exposure.
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Question: To calculate the Expected Monetary Value (EMV) of a risk, what two factors are multiplied together?
Answer options: ✅ Probability and Impact
- Cost and Duration
- Urgency and Proximity
- Likelihood and Severity
Correct answer: Probability and Impact
Explanation: Expected Monetary Value (EMV) is calculated by multiplying the probability of a risk event occurring by its monetary impact. It helps quantify risk exposure.
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Question explanations
- What is the primary output of the 'Direct and Manage Project Work' process?
- Which project management approach emphasizes frequent communication, self-organizing teams, and adapting to ch
- Which of the following is an output of the 'Develop Project Charter' process?
- Which type of risk response strategy involves shifting the impact of a threat along with ownership to a third
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