Pmp rmc emv Study guides, Class notes & Summaries

PMP-RMC EMV Questions and answers

(1) Question ID: 1026 If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value (EMV) for the project is: A. $20,000 profit B. $60,000 loss C. $40,000 loss D. $100,000 profit The correct answer is A. Expected monetary value is calculated by EMV = probability × impact. We need to calculate both positive and negative values and then add them. 0.6 × $100,000 = $60,000 0.4 × ($100,000) = ($40,000) Expected...

(1) Question ID: 1026 If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value (EMV) for the project is: A. $20,000 profit B. $60,000 loss C. $40,000 loss D. $100,000 profit The correct answer is A. Expected monetary value is calculated by EMV = probability × impact. We need to calculate both positive and negative values and then add them. 0.6 × $100,000 = $60,000 0.4 × ($100,000) = ($40,000) Expected...

PMP-RMC EMV Questions and answers already graded A+