Question: What is the difference between deterministic and probabilistic estimates?

What is the difference between deterministic and probabilistic estimates?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

ANSWER Deterministic and probabilistic estimates are two approaches to estimating in project managem... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Contemporary Management Questions!

Q:

What is the difference between deterministic and probabilistic models? Give several examples of each type of model.

Q:

What is the difference between deterministic and probabilistic mathematical models?

Q:

. Part A 1. Discuss the importance of project schedules 2. Explain project time management process. a. Activity definition b. Activity sequencing c. Activity resource estimating d. Activity duration...

Q:

1. The collection of hardware, software, data and communication technology is known as a. A system b. An information system c. System analysis d. Information technology 2. In flowcharts, what is the...

Q:

I need assistance with answering question 4-7 technique 6. E xplain the difference between deterministic and probabilistic financial planning models 47 Self-Test Problems ST1. Jenkins Properties had...

Q:

1. (LO 5.1) What is the difference between deterministic and probabilistic models? What is the difference between exploratory and confirmatory analytics?

Q:

what is the difference between deterministic and probabilistic models? what are some example of each type of model. why might it be difficult to quantify some qualitative factors in developing...

Q:

1-2. the approach. What is the difference between deterministic and probabilistic models? Give several examples of each type of model. TATLLA JICC

Q:

Explain the difference between deterministic and probabilistic financial planning models.

Q:

Explain the difference between deterministic and probabilistic financial planning models.

Q:

A particle A moves in one direction along a given trajectory with a tangential acceleration w = a, where a is a constant vector coinciding in direction with the x axis (Fig. 1.4), and is a unit...

Q:

Plot the curve for some suitable choice of the constant "a", "b", etc. Then calculate the signed curvature. a. The lemniscates r=[a cost / (i+sin't), a sint. cost /(1+ sint)] b. The limacons r = [(2a...

Q:

A sole proprietorship: provides limited financial liability for its owner. can generally raise significant capital from non - owner sources. has its profits taxed as personal income. has an unlimited...

Q:

Define positive discipline. AppendixLO1

Q:

Are the product scope and project scope ever the same? Cite examples if possible.

Q:

Create a template of a change request form. What sections did you include and why?

Q:

Compare and contrast the three formats of constructing a WBS: indented outline, organizational chart, and free format.

Q:

2. On January 1, 2019, a machine costing $330,000 with a 4-year service life and an estimated $3,000 residual value was purchased. It was also estimated that the machine would produce 50,000 units...

Q:

write program in C++ and Python 4) Write algorithm to this problem:Ramshewak goes to market for buying some fruits and vegetables. He ishaving a currency of Rs 500 with him for marketing. From a shop...

Q:

write a c++ code fragment that opens a txt file beamed "exam.txt" and reads a single string value from the file then prints rhe character at index 5 in that string, or prints "8:00am is too Damn...