Quantitative Risk Analysis

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Joined: Wed May 31, 2017 4:34 pm

Quantitative Risk Analysis

Postby komal Sun Sep 03, 2017 1:30 pm

Could you please explain EMV and Monte Carlo analysis technique in details with example. Also decision diagram mentioned under EMV in PMBOK5.
Posts: 82
Joined: Fri Dec 02, 2016 10:18 pm

Re: Quantitative Risk Analysis

Postby pmp_learner Sun Sep 03, 2017 2:11 pm

Hi Komal,
Not sure if you have seen saket's video on EMV.. I think its very good. Find below the link in case you don't have it handy. Its really easy to follow and hopefully will help you in understanding the concept:

- EMV:

- Monte Carlo simulation :
Monte Carlo is a simulation technique. Monte Carlo simulation is a computerized mathematical technique that allows people to account for risk in quantitative analysis and decision making. Please find the URL that explains it : http://www.palisade.com/risk/monte_carlo_simulation.asp

I hope Manish/ Saket will help you in understanding the concept. But thought of sharing the above links in the mean time.
Hope that helps.

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