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Beta Distribution
A statistical distribution representing probabilities of outcomes across a range of 0 to 1, often used in Bayesian statistics for estimating unknown parameters.
PERT Analysis
A project management tool used to schedule, organize, and coordinate tasks within a project, which stands for Program Evaluation and Review Technique.
Expected Activity Times
Predicted durations for tasks or activities within a project, often based on historical data and used in planning and scheduling.
CPM Network
Critical Path Method Network, a project management tool that models tasks and their dependencies as a network to identify key deadlines and the longest stretch of dependent activities.
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