In the probabilistic approach to project network analysis, the time estimate annotated t_m for any activity is the A)mean time. B)median time. C)most likely time. D)mode time. E)marginal time.

Question

Quizplus · Accepted Answer

The notation t_m in the context of project network analysis typically refers to the "most likely time" estimate for completing a task or activity within a probabilistic or stochastic model, such as the PERT (Program Evaluation and Review Technique) or other similar project management tools. This estimate is based on the assumption that the time for completing the activity follows a beta distribution, where the most likely time is the mode of the distribution.

In the Probabilistic Approach to Project Network Analysis, the Time