In a project analysis using three time estimates with more than one critical pat

Question

In a project analysis using three time estimates with more than one critical path existing, how does the project manager decide which variances to use in arriving at the probability of meeting the project due date?

The project manager averages the variances and uses that

The project manager uses the smallest variance in order to get the highest probability of on-time completion

The project manager uses the variances considered most correct

The project manager uses the largest variances in order to understate the probability of on-time completion

The project manager uses the most likely estimate plus the amount of slack time in the project.

Explanation / Answer

The 4th option is correct.

The project manager uses the largest variances in order to understate the probability of on-time completion.

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.