In Calculating the Probability of a Project Being Completed on Time,applying

question 89

Multiple Choice

In calculating the probability of a project being completed on time,applying the relevant formulas for expected time and variance allows us to calculate ______.

• A)the most likely time for each activity
• B)the expected cost for the project
• C)the actual cost for the project
• D)the start date for the project

---

Definitions:

Budget at Completion

The total budget allocated for a project based on all estimated costs upon completion.

Schedule Variance

A project management metric indicating the difference between the planned and actual progress of a project.

Iodine-Potassium-Iodide

An aqueous solution made of iodine and potassium iodide used as a chemical indicator and antiseptic.

Amylase Activity

The process by which the enzyme amylase breaks down starches into simpler sugars, a key step in carbohydrate digestion.