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If a risk event has a 90 percent chance of occurring, and the consequences will be the US $ 10,000, what does the US $9,000 represent?
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If a risk event has a 90 percent chance of occurring, and the consequences will be the US $ 10,000,...
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Oct 31, 2022
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Robin
If a risk event has a 90 percent chance of occurring, and the consequences will be the US $ 10,000, what does the US $9,000 represent?
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Oct 31, 2022
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Robin
Risk value
Present value
Expected monetary value
Contingency budget
EMV = .9 X $ 10,000 = $ 9,000
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