Risk Math: EMV, Contingency Reserve & Decision Trees
This lesson is part of the course
In this lesson
You quantify six risks with expected monetary value, size the contingency reserve from the net EMV and roll back a two-option decision tree to pick the better choice.
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Lessons in this course
- EVM Basics: PV, EV, AC, CV, SV, CPI & SPI Locked
- EVM Forecasting: EAC Variants, ETC, VAC & TCPI Locked
- S-curve: Cumulative PV, EV & AC (Line Chart) Locked
- PERT Three-point Estimates: Beta, Triangular, SD & Probability Locked
- Critical Path: Forward & Backward Pass, Total and Free Float Locked
- Crashing: Cost Slope & the Cheapest Day to Buy Locked
- Communication Channels & Contract Math: CPFF, FPIF & PTA Locked
- Risk Math: EMV, Contingency Reserve & Decision Trees Locked