Ultimate PM’s patented True Risk™ management accounts for risk in not one but two ways. Other products only account for the EMV – Expected Monetary Value of risk; but Ultimate PM® adds the ETV – Expected Time Value of risk. This is determined by multiplying the impact of all potential risks on project delay multiplied by the likelihood of each delay. This Expected Time Value of Risk is added to each path of the critical path to determine just how long the project should take. This could add significant time to the schedule. This additional time needs to be multiplied by the average daily cost of each project day to determine the ETV impact to the budget. In the example below, note the difference adding the ETV makes to the Risk Reserve budget.