IT rojsek management Decision trees and Expected Monetary Value(emv a decision tree is a diagramming method used to help you select the best course of action in situations in which future outcomes are uncertain a EMV is a type of decision tree where you calculate the expected monetary value of a decision based on its risk event probability and monetary value Project Integration Management 27Project Integration Management 27 Decision Trees and Expected Monetary Value (EMV) ◼ A decision tree is a diagramming method used to help you select the best course of action in situations in which future outcomes are uncertain ◼ EMV is a type of decision tree where you calculate the expected monetary value of a decision based on its risk event probability and monetary value IT Project Management