Question: Table A. Success probabilities from simulation. (JCL stands for joint confidence level.) Time success Cost success Time-Cost success ( JCL ) Time-Cost failure Probability 57%

Table A. Success probabilities from simulation. (JCL stands for joint confidence level.)

Time success Cost success Time-Cost success (JCL) Time-Cost failure
Probability 57% 26% 15% 32%

Table C. Success probabilities from simulation. (JCL stands for joint confidence level.)

Time success Cost success Time-Cost success (JCL) Time-Cost failure
Probabilities 58% 26% 25% 41%

2.3Compare the success probabilities inTable A andTable C.

Describe the effects of time-cost correlation in activities on the project's success.

What happens when time-cost correlation in a project is substantial but ignored in project schedule and cost risk assessment?

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