A Project Manager Has Discovered That Three Tasks Are on the Critical

question 5

Multiple Choice

A project manager has discovered that three tasks are on the critical path for a particular project.She has developed the time estimates (in days) shown in the table below.Complete the table and determine the probability that the project will be completed in 20 days or less.

• A)Approximately 92 percent
• B)Approximately 88 percent
• C)Approximately 75 percent
• D)Approximately 84 percent

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Definitions:

External Benefit

A positive effect of a transaction or activity on a third party who did not choose to incur that benefit.

Externalities

Financial implications or effects that influence bystander third parties and may be either beneficial or harmful.

Incentives

Factors that motivate or encourage individuals to perform actions or make decisions.

Social Benefit

The total benefit to society from a particular action or policy, including both direct benefits to participants and any external benefits to others.