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Your Next Project Consists of 8 Consecutive 8-Day Activities,each Estimated

question 50

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Your next project consists of 8 consecutive 8-day activities,each estimated by a different worker in your organization.Your organizational culture dictates that you add your own safety margin of 3 days into your estimates.Unbeknownst to you,the project manager has recently converted to a critical chain project management view.The project manager knows perfectly well what sorts of games are played with activity estimates and she knows exactly how much activity padding takes place.What will the overall project safety margin be once the project manager reviews your estimates and makes the project schedule?


Definitions:

Normal Random Variable

A random variable that has a distribution defined by a normal curve, characterized by its mean and variance.

Mean

A measure of central tendency calculated by dividing the sum of all values in a dataset by the number of values.

Standard Normal Random Variable

A normal distribution with a mean of 0 and standard deviation of 1, used as a reference to determine probabilities for normal distributions.

Negative Value

A value less than zero, representing quantities opposite in direction or position to a reference point.

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