Table A. Success probabilities from simulation. (JCL stands for joint confidence level.) Time success Cost success Time-Cost
Fantastic news! We've Found the answer you've been seeking!
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% | 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?
Expert Answer:
Related Book For 
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
