A. expected value
B. expected decision value
C. expected outcome value
D. expected monetary value
✅ The correct answer is option D.
In monetary terms, an expected value of outcome is classified as expected monetary value. Expected monetary value (EMV) is a risk management technique to help quantify and compare risks in many aspects of the project.
In monetary terms, an expected value of outcome is classified as expected monetary value. Expected monetary value (EMV) is a risk management technique to help quantify and compare risks in many aspects of the project.