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If the scheduled completion time of a project is more than the earliest expected time for completion of the project, then the probability of completion of the project within the scheduled completion time will be
  • a)
    50%
  • b)
    Less than 50%
  • c)
    More than 50%
  • d)
    100%
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
If the scheduled completion time of a project is more than the earlies...
Concept:
  • The earliest expected time is the time when an event can be expected to occur.
  • It is represented by the symbol (TE) and appears above or below the node (event circle) in a network.
  • The earliest expected time (TE) is computed by adding the expected times (tE) of all the activities along an activity's path leading to that event.
  • If more than one activity paths lead to that event, then the maximum sum of tE's along the various paths will give the earliest expected time.
  • If the scheduled completion time of a project is more than the earliest expected time for completion of the project, then the probability of completion of the project within the scheduled completion time will be more than 50%.
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Community Answer
If the scheduled completion time of a project is more than the earlies...
Explanation:

Earliest Expected Time for Completion:
- The earliest expected time for completion of a project is the minimum time it would take to complete the project under ideal conditions without any delays or obstacles.
- This is usually calculated based on the critical path method or other scheduling techniques.

Scheduled Completion Time:
- The scheduled completion time of a project is the planned or expected time for completing the project, taking into account various factors such as resource availability, constraints, and risks.

Probability of Completion within Scheduled Time:
- If the scheduled completion time is more than the earliest expected time for completion, it means that some buffer time has been added to the schedule to account for uncertainties, risks, and potential delays.
- This buffer time increases the likelihood of completing the project within the scheduled time frame.
- Therefore, the probability of completion of the project within the scheduled completion time will be more than 50%.
- This is because the extra time allocated in the schedule provides a cushion for any unforeseen events or delays that may occur during the project execution.
Therefore, the correct answer is option 'C) More than 50%'.
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If the scheduled completion time of a project is more than the earliest expected time for completion of the project, then the probability of completion of the project within the scheduled completion time will bea)50%b)Less than 50%c)More than 50%d)100%Correct answer is option 'C'. Can you explain this answer?
Question Description
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