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Contract Requirements State That a Project Must Be Completed Within

question 38

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Contract requirements state that a project must be completed within 180 working days,or it will incur penalties for late completion.Analysis of the activity network reveals an estimated project time of 145 working days with a project variance of 400.What is the probability that the project will be completed before the late-payment deadline?


Definitions:

Actual Behaviours

The real, observed actions performed by individuals, as opposed to intended or theoretical actions.

Work Responsibilities

The specific tasks, duties, and obligations assigned to an individual or team as part of their job role, essential for the organization's operations and goals.

Personal Affairs

Matters related to an individual's private life, including personal finances, relationships, and health, which can influence their work life and well-being.

Flexibility

Flexibility in the workplace refers to the ability to adapt to changes and new demands, whether in terms of work arrangements, tasks, or thinking, fostering innovation and resilience.

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