The Standard Deviation of Project Duration Is the Average of the Standard

question 107

True/False

The standard deviation of project duration is the average of the standard deviation of all activities on the critical path.

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Definitions:

Expected Value

The anticipated value or return of a variable, taking into account all possible outcomes and their probabilities.

Income

Money received, especially on a regular basis, for work or through investments.

Insurance

A financial product sold by companies to individuals or entities to protect against financial loss or damage from specified risks.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 1 indicates certainty.