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In PERT, the Acceptance of a Beta Distribution for Activity

question 16

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In PERT, the acceptance of a Beta distribution for activity completion times and the presence of a sufficient number of activities, lead to the assumption of a normal distribution of possible completion times for the overall project.


Definitions:

Disregarded

Overlooked or ignored; not given consideration or attention.

New Hands

Refers to individuals who are new to a particular task or field, bringing fresh skills or perspectives.

Physical Assets

Tangible property owned by a business or individual, such as machinery, buildings, and inventory.

Serious Bargaining

The process of negotiating terms and conditions in a committed and earnest manner.

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