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PERT Analysis
A project management tool used to schedule, organize, and coordinate tasks within a project, focusing on analyzing the time needed to complete each task.
Project Variance
The difference between planned and actual performance in a project, indicating the degree of deviation from the project plan.
Activity Duration
the total time required to complete a specific activity or task in the process of project management or planning.
Beta Distribution
A statistical distribution representing probabilities of outcomes across a range of 0 to 1, often used in Bayesian statistics for estimating unknown parameters.
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