Question: EMV (Expected Monetary Value) and EVM (Earned Value Management) are two distinct project management tools/methodologies that leverage a quantitative approach to understanding inherent risks in

EMV (Expected Monetary Value) and EVM (Earned Value Management) are two distinct project management tools/methodologies that leverage a quantitative approach to understanding inherent risks in a project as well as the project's overall performance.

Explain these two methodologies and how they are used.

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