Q288
In monetary terms, an expected value of outcome is classified as
A.
expected value
B.
expected decision value
C.
expected outcome value
D.
expected monetary value
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
In monetary terms, an expected value of outcome is classified as expected monetary value. Expected monetary value (EMV) is a risk management technique to help quantify and compare risks in many aspects of the project.