You got involved in the project when the project was on the drawing board. No decision has been made if this project twill be started. As a project manger, you are calculating the financial impact for a specific outcome scenario that may happen in the future. What method or tool would you use?
A. Monte Carlo analysis
B. Decision tree analysis
C. Earned Value analysis
D. Expected monitory value analysis
D. EMV (Expected Monetary Value) is a statistical technique that calculates the average anticipated impact of a decision, when the future includes scenarios that may or may not happen. EMV is calculated by multiplying the probability of the risk by its financial impact.