In the probabilistic approach to precedence network analysis,the duration estimate annotated "tm" for any activity is the:
A)mean duration.
B)median duration.
C)most likely duration.
D)optimistic duration.
E)pessimistic duration.

Question

Quizplus · Accepted Answer

In the probabilistic approach to precedence network analysis, the duration estimate annotated "tm" for any activity is the most likely duration. This is the duration that is most likely to occur based on the project's historical data or expert opinions. The mean duration is calculated based on the optimistic, pessimistic, and most likely durations, and it is not annotated as "tm." The median duration is also not annotated as "tm." The optimistic duration and the pessimistic duration are the extreme values of the duration estimates, and they are not annotated as "tm."

In the Probabilistic Approach to Precedence Network Analysis,the Duration Estimate