________ Is an Analytical Method That Determines the Probabilities of the Project

question 1

Multiple Choice

________ is an analytical method that determines the probabilities of the project completion times in project management models by assuming that the expected activity times define the critical path and that the distribution of project completion time is normal using the central limit theorem.

• A)Program Estimation and Research Technique
• B)Project Evaluation and Revise Technique
• C)Program Evaluation and Review Technique
• D)Project Estimation and Risk Technique

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Definitions:

Capital Budgeting

The process of planning and managing an organization's long-term investments in assets or projects, accounting for potential risks and future benefits to achieve financial objectives.

Base Pay

The initial salary paid to an employee, not including bonuses, benefits, or other compensation.

Fringe Benefits

Additional compensation provided to employees beyond their normal wages or salaries, which might include health insurance, pensions, or paid time off.

Highly Qualified Workers

Employees who possess advanced education, specialized skills, and/or extensive experience relevant to their jobs, making them exceptionally proficient in their roles.