Your Next Project Consists of 10 Consecutive 8-Day Activities,each Estimated

question 51

Multiple Choice

Your next project consists of 10 consecutive 8-day activities,each estimated by a different worker in your organization.Note that the estimators have not yet added any buffer to the 8-day figure.Your organizational culture dictates that you add your own safety margin of 30% into your estimates.The new project manager has just completed an excellent course in project management offered at the local university.When the first project meeting begins,he dazzles you with his wit and sophistication.You are considerably less charmed when he reveals that he has an exciting new technique for managing projects.He adheres to critical chain project management ideas and plans to create an overall project safety buffer after trimming the safety buffers from each of the 10 activities.How much closer has the project deadline moved?

• A)12 days
• B)6 days
• C)18 days
• D)9 days

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Definitions:

Ultimatum Game

An economic experiment in which two players decide how to divide a sum of money; one proposes the split, and the other accepts or rejects it, demonstrating negotiation and fairness standards.

Utility

Numerical score representing the satisfaction that a consumer gets from a given market basket.

Distribution

The process of making a product or service available for use or consumption by a consumer or business user.

Basic Model

A simplified representation of a system or process, used to analyze fundamental aspects without complex details.