For a Project with Uncertain Activity Times, the Probability of Project

question 33

Multiple Choice

For a project with uncertain activity times, the probability of project completion exceeding the expected time calculated for the critical path is ________.

• A) 25 percent
• B) 50 percent
• C) 75 percent
• D) None of these answers are correct.

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Definitions:

Bushel

A unit of measure for volume, used primarily in dry commodities trading, equivalent to about 8 gallons or 36.4 liters in the U.S.

Acre

A unit of land area used primarily in the Imperial and US customary systems, equal to 43,560 square feet or about 4047 square meters.

Opportunity Cost

The worth of the second-best option that is given up as a consequence of deciding on a course of action.

Production Possibility Frontiers

A curve depicting all maximum output possibilities for two goods, given a set of inputs.