Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
In Quantitative Risk Analysis, PMBOK illustrates to use the larger EMV while Rita's book examples shows that the lower EMV is to be chosen as the best choice.
I understand it depends on the situation but it is somehow confusing, can someone please shed a light on this please. Thanks. Saving Changes...
Hi Vasi, Thanks a lot for your response. It was helpful.
However, please take a look at the decision tree example in the PMBOK, it is a mix of Opportunities and Threats and it was recommended to take the higher value which made me confused little bit.
Hi Vasi, Thanks a lot for your response. It was helpful.
However, please take a look at the decision tree example in the PMBOK, it is a mix of Opportunities and Threats and it was recommended to take the higher value which made me confused little bit. Saving Changes...
Markus KopkoAI Enabler for Project & Program Mgmt | Founder PMotion.ai / The PM
AI Coach| PMotion.aiHamburg, Hamburg, Germany
Hi Rami,
i do agree that it is confusing, but as far as i can see it is because the example in PMBoK Guide (i do assume we are talking about the one at pg. 339) is about revenue (the more th ebtter) and the examples (both; at pg. 426 and before) in Rita's book are about costs (the less the better).
Does this make sense?
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Hi Markus,
Actually this is how I interpreted it and it was the only way that made sense to me. Hosever, the example in PMBOK doesn't clearly indicate that this is revenue because it is a combination of Threats and Opportunities. Saving Changes...
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