Glossary term
What is Expected monetary value (EMV)?
In Apex Flow Academy, "Expected monetary value (EMV)" means: The chance of a risk multiplied by its cost if it happens. It is an average, not a promise. It is taught in Project Management and Agile: Run Projects That Ship. Related terms include Risk, Earned value, Management reserve and Agile.
- 1 course teaches it
- plain-word definition
The facts
What is Expected monetary value (EMV)?
The chance of a risk multiplied by its cost if it happens. It is an average, not a promise.
Where is Expected monetary value (EMV) taught?
Expected monetary value (EMV) is defined in Project Management and Agile: Run Projects That Ship.
Which terms are related to Expected monetary value (EMV)?
Next to Expected monetary value (EMV) in the course glossaries: Risk, Earned value, Management reserve, Agile, Contingency reserve, Scrum, Three-point estimate and Sprint.
RiskEarned valueManagement reserveAgileContingency reserveScrumThree-point estimateSprint
The hard questions, answered straight
Bold questions people really ask. Each answer comes from the course data or a settled Academy fact.
Do I need experience before I learn Expected monetary value (EMV)?
It depends on the course. Each course that teaches it lists its own prerequisites, and all are listed at beginner level:
- Project Management and Agile: Run Projects That Ship: None. You do not need any project management experience.