When Developing Probabilistic Estimates of Project Duration, It Is Necessary

question 82

Multiple Choice

When developing probabilistic estimates of project duration, it is necessary to know which of the following?

• A)the mean and variance of every activity
• B)the mean and variance of activities on the critical path
• C)the standard deviation of activities on the critical path
• D)each activity's probability of completion
• E)the distribution of activity times

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Definitions:

Debt-service Requirements

This term refers to the amount of money needed to cover the repayment of interest and principal on a debt for a specific period.

Expected Future Cash Flows

The estimated amount of money that is anticipated to be generated from an investment, project, or asset over a period of time in the future.

Financial Statement Item

Any line item or component that appears in financial statements, such as balance sheet, income statement, or cash flow statement, representing a company's financial position or performance.

Unreliable

Not able to be trusted or depended upon for accuracy or truthfulness.