In the Probabilistic Approach to Precedence Network Analysis,the Duration Estimate

question 62

Multiple Choice

In the probabilistic approach to precedence network analysis,the duration estimate that is given the highest weighting in calculating the expected duration for an activity is:

• A)duration of the immediately prior activity.
• B)duration of the immediately following activity.
• C)most likely duration.
• D)optimistic duration.
• E)pessimistic duration.

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Definitions:

Third-Party Beneficiary

A person or entity that benefits from a contract made between two other parties, despite not being a party to that contract themselves.

Delegation

The act of assigning responsibility or authority from one person to another to carry out specific activities, while the original party remains accountable for the outcome.

Delegator's Duty

In the context of delegated tasks, this refers to the responsibility of the individual or party who has transferred a duty to another to ensure the duty is performed appropriately.

Delegator

A party in a contract who transfers his or her duties to perform to a third party who is not a part of the original contract (a delegatee).