You’re the project manager on a software project that is planning out various approaches to technical work. There’s a 20% chance that a component you are going to license will be difficult to integrate and cost $3,000 in rework and delays. There’s also a 40% chance that the component will save $10,000 in time and effort that would have been used to build the component from scratch. What’s the EMV for these two possibilities?
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- You’re the project manager on a software project that is planning out various approaches to technical work. There’s a 20% chance that a component you are going to license will be difficult to integrate and cost $3,000 in rework and delays. There’s also a 40% chance that the component will save $10,000 in time and effort that would have been used to build the component from scratch. What’s the EMV for these two possibilities?
