Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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7.
Contract requirements state that a project must be completed within 180 working days, or it will incur penalties for late completion. Analysis of the activity network reveals an expected project completion time of 145 working days with a project variance of 400. What is the probability that the project will be completed before the late-payment deadline? (select the closest answer)
Select one:
a.
about 4%
b.
over 99%
c.
about 80%
d.
about 46%
e.
about 96%
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