The Beta Distribution Is Used in Project Management To

question 108

Multiple Choice

The beta distribution is used in project management to:

• A) calculate slack on activities not on the critical path.
• B) calculate the probability that a project will be completed within its budget.
• C) calculate pessimistic and optimistic activity times.
• D) determine which activity should be crashed.
• E) none of the these.

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Definitions:

Assignment

The transfer of rights, property, or obligations from one party to another, often used in contracts or financial transactions.

Liability

A legal responsibility or obligation that arises from actions, claims, or debts.

Delegation

The act of transferring responsibility and authority from one person or group to another.

Assignment

An assignment involves the transfer of rights or property from one party to another, typically related to contracts, but also applicable in other legal contexts.