When Developing Probabilistic Estimates of Project Duration, It Is Necessary

question 82

Multiple Choice

When developing probabilistic estimates of project duration, it is necessary to know which of the following?

• A)the mean and variance of every activity
• B)the mean and variance of activities on the critical path
• C)the standard deviation of activities on the critical path
• D)each activity's probability of completion
• E)the distribution of activity times

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Definitions:

Dishonored Checks

Checks that a bank refuses to pay or cash, typically because the account holder has insufficient funds.

Dishonor

In the context of finance, refers to the refusal or inability of a party to pay a debt when it is due.

Instrument

A formal legal document, such as a contract, will, promissory note, or warrant, that establishes rights, privileges, or liabilities.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money, either on demand or at a specified future date.