A Major Weakness with Project Completion Time Analysis with Uncertain

question 39

Multiple Choice

A major weakness with project completion time analysis with uncertain activity times is the ________.

• A) possibility that more than one critical path might exist
• B) need to solicit three time estimates for each activity
• C) assumption that the project completion time is normally distributed
• D) bias associated with the expected project completion time

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Definitions:

Lump Sum

A one-time payment made at a specific moment, rather than multiple smaller payments spread over time.

Savings Options

Various financial vehicles available for setting aside money, such as savings accounts, certificates of deposit, and money market funds, with the aim of earning a return.

Compounded Weekly

Refers to interest earned or paid that is calculated on a weekly basis, with each week's interest added to the principal amount.

Emergency Fund

A reserve of money set aside to cover unexpected expenses or financial emergencies.