The Expected Monetary Value (EMV) calculator computes the project management metric, Expected Monetary Value.
INSTRUCTIONS: Choose units and enter the following:
Expected Monetary Value (EMV): The calculator returns the EMV in U.S. dollars. However, this can be automatically converted to other currency units via the pull-down menu.
The Expected Monetary Value is: "A statistical technique that calculates the average outcome when the future includes scenarios that may or may not happen. A common use of this technique is within decision tree analysis.” [from the PMBoK Guide 5th edition, Glossary].
This metric supports the Program Management assessment of project fiscal status using the Earned Value Management approach.