A project is expected to take 15 months along the critical path having a standard deviation of 3 months. The probability of completing the project A within 15 months is 100% More than 12 months is 84% Correct Option Within 15 months is 50% Correct Option D More than 12 months is 16%

A project is expected to take 15 months along the critical path having a standard deviation of 3 months. The probability of completing the project A within 15 months is 100% More than 12 months is 84% Correct Option Within 15 months is 50% Correct Option D More than 12 months is 16%

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Concept explainers

Cost control

Cost control or management in property or project management is the process by which managers maintain costs under human resource management, assets, and capital expenditure to ensure that the project ends on a budget basis. Cost management depends on reasonable estimates and ongoing monitoring during the project. As a result, good cost control is essential for any construction business that wants to succeed.

Question

A project is expected to take 15 months along the critical path having a standard deviation of 3 months. The probability of completing the project
A
within 15 months is 100%
More than 12 months is 84%
Correct Option
C Within 15 months is 50%
Correct Option
D
More than 12 months is 16%

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