Define Both a Project and Project Management

question 29

Essay

Define both a project and project management. Describe the attributes of a project.

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Definitions:

Normal Distribution

A type of continuous probability distribution for a real-valued random variable, characterized by a symmetric bell-shaped curve.

Binomial Distribution

A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters.

Random Variable

A random variable is a variable whose possible values are numerical outcomes of a random phenomenon.

Success Probability

The likelihood or chance of a particular event or outcome happening, often expressed in terms of percentage or decimal.