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.

---

Definitions:

Opportunities

Circumstances or situations that present potential for growth, development, or success.

Markov Analysis

A statistical process that uses probabilities to predict future states based on current events, often used in decision-making and economic forecasts.

Human Capital Readiness

The process of evaluating the availability of critical talent in a company and comparing it to the firm’s supply.

New Hire

An individual who has recently started employment within an organization, often undergoing orientation and onboarding processes.