If the Sum of the Variances on the Critical Path

question 112

Multiple Choice

If the sum of the variances on the critical path (and all other network paths) is equal to zero, what is the probability that the project will be completed by its earliest expected completion date?

• A) 50 percent
• B) 95 percent
• C) 100 percent
• D) It cannot be determined.

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Definitions:

Substitute Purchases

Substitute Purchases refer to the buying of goods or services as a replacement for those which were part of a contract that was not fulfilled as agreed.

Incidental Damages

Secondary or additional expenses incurred by a non-breaching party to mitigate losses following a breach of contract.

Contract Price

The total agreed-upon amount that will be paid for the completion of contractual obligations.

Anticipatorily Breached

This refers to a situation in law where a party indicates, either through their actions or words, that they will not fulfill their contractual obligations before the performance is due.