Problem: Your security leadership team runs into a dilemma in deciding which vendor should be selected. The following table shows Vendor A and Vendor B information. Your leadership now asks you to compute the Expected Monetary Value (EMV) analysis to assist in decision making. Using project management skills compute EMV for each vendor and explain your recommendation of choice.
| |
Vendor A |
Vendor B |
| One -Time Installation Fees |
$0 |
$0 |
| Probability of Success |
60% |
70% |
| Impact of Success |
$50,000 |
$30,000 |
| Probability of Failure |
40% |
30% |
| Impact of Failure (loss) |
$60,000 |
$50,000 |