Under a State of ______, the Decision Maker Lacks Enough

question 14

Short Answer

Under a state of ______, the decision maker lacks enough information to estimate the probability of outcomes.

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Definitions:

Normal Duration

The typical time it takes to complete an activity or task under normal circumstances, without any delays or accelerations.

Crash Cost

The additional cost associated with reducing the time (crashing) required to complete a project or a phase of a project beyond normal expectations.

Time Savings

The reduction in the amount of time required to complete a task or project, often leading to efficiency improvements.

Total Crash

In project management, the maximum possible reduction in the duration of a project task, typically involving increased costs or resources, to achieve the shortest completion time.