The Beta Distribution Is Used in Project Management to

question 23

Multiple Choice

The Beta distribution is used in project management to

• A) determine which activity should be crashed.
• B) calculate the probability that a project will be completed within its budget.
• C) calculate expected activity times.
• D) calculate slack for activities on the critical path.
• E) calculate slack for activities on the shortest path.

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Definitions:

Self-Handicapping

A strategy where individuals create obstacles to their own success to protect self-esteem in case of failure.

Elaboration Likelihood Model

A theory in social psychology that explains different ways of processing stimuli, why they are used, and their outcomes on attitude change.

Dissonance Theory

A theory that suggests people are motivated to reduce the discomfort (dissonance) caused by inconsistencies between their beliefs and their actions.

Balance Model

A theoretical framework for understanding how different elements within a system maintain a state of equilibrium or balance.