How is the expected completion time of a project activity, and of a PERT project, computed?
What will be an ideal response?
The expected completion time of a project activity uses the beta distribution; expected time is the weighted average of optimistic, most likely, and pessimistic time estimates. The formula is
t = (a + 4m + b) / 6. Expected completion of a PERT project is the sum of the expected times for individual activities that are on the critical path.
You might also like to view...
A group of tasks performed by one person makes up a position.
Answer the following statement true (T) or false (F)
The Federal Communications Commission issues licenses and regulates the operation of television and radio stations. This is an example of a(n) ________
A) general government regulation B) specific government regulation C) cabinet-level federal department D) independent federal administrative agency
A flexible budget is prepared to represent various levels of sales volume
Indicate whether the statement is true or false
Epo Pharmaceuticals Inc. has an issue of preferred stock outstanding that has a required rate of return of 9% and pays $6 annual dividends. If the preferred share were issued 3 years ago, what is the current price per share?
A) $51.48 B) $66.67 C) $86.34 D) There is not enough information to answer this question.