The Beta Distribution Is Used in Project Management to

question 74

Multiple Choice

The Beta distribution is used in project management to

• A) calculate slack on activities not on the critical path
• B) calculate the probability that a project will be completed within its budget
• C) calculate pessimistic and optimistic activity times
• D) determine which activity should be crashed
• E) none of the above

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Definitions:

Inputs

Inputs refer to the resources, information, or efforts that are used or required to achieve a task, process, or project.

Equity Theory

A concept in social psychology that posits individuals determine the fairness of their job benefits and rewards by comparing themselves to others in similar situations.

Performance Feedback

The process of providing individuals with information regarding their performance level, often with suggestions for improvement.

Optimal Frequency

The most efficient or effective rate at which a particular operation, process, or activity is carried out for desired results.