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19ENGGOIC Engineering Project Management Problem Based Project Problem (5) (weight 10%) Draw a decision tree and use the Expected Monetary Value (EMV) method to select the best company to execute the project with the data given in the following table. Table Data necessary for the EMV Value Total Project Budget $150,000 General project Delay penalty per data $1,500 day Alternative Project Execution companies Cost valuel: Probability: $90,000 0.70 Cost value2: Probability: $110,000 ??? Company 1 Schedule on Time 0.90 probability Delay probability ??? Delay 4 days Cost valuel: Probability: $80,000 ??? Cost value2: Probability: $100,000 0.45 Company 2 Schedule on Time ???? probability Delay probability 0.25 Delay 6 days 19ENGGOIC Engineering Project Management Problem Based Project Problem (5) (weight 10%) Draw a decision tree and use the Expected Monetary Value (EMV) method to select the best company to execute the project with the data given in the following table. Table Data necessary for the EMV Value Total Project Budget $150,000 General project Delay penalty per data $1,500 day Alternative Project Execution companies Cost valuel: Probability: $90,000 0.70 Cost value2: Probability: $110,000 ??? Company 1 Schedule on Time 0.90 probability Delay probability ??? Delay 4 days Cost valuel: Probability: $80,000 ??? Cost value2: Probability: $100,000 0.45 Company 2 Schedule on Time ???? probability Delay probability 0.25 Delay 6 days