A Project Being Analyzed by PERT Has 60 Activities, 13

question 20

Multiple Choice

A project being analyzed by PERT has 60 activities, 13 of which are on the critical path. If the estimated time along the critical path is 214 days with a project variance of 100, the probability that the project will take 224 days or more to complete is

• A) near zero
• B) 0.0126
• C) 0.1587
• D) 0.8413
• E) 2.14

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Definitions:

Insufficient Offer

A proposal or bid that fails to meet the minimum requirements or expectations, particularly in negotiations or transactions.

Offer of Compromise

A proposal made by one party to settle a dispute or lawsuit outside of court, often involving the payment of money.

Time Limit

A specific duration within which an action must be initiated or completed.

Mailbox Rule

A legal principle that an offer is considered accepted once the acceptance is dispatched, not when it is received by the offeror.