For Projects Whose Activities Have Probabilistic Time Estimates, the Probability

question 11

True/False

For projects whose activities have probabilistic time estimates, the probability of completing the project in a specified amount of time is determined by the standard deviation for the critical path only.

---

Definitions:

Process Control Systems

Automated systems used to monitor and control physical processes to ensure they operate within set parameters and quality standards.

Statistical Process Control Charts

Tools used in quality control that plot data over time to identify variances from the norm, highlighting potential issues requiring investigation.

Data Analysis

The process of examining, cleaning, transforming, and modeling data to discover useful information, draw conclusions, and support decision-making.

Process Redesign

A method of improving business processes by analyzing and reengineering them for enhanced efficiency, effectiveness, and flexibility.