Question

76. A standard deviation refers to variation in measurement of individual items being produced

True

False

77. In managing a project, only a few of the most important activities on the critical path need to be carefully monitored.

True

False

78. Forecasting deals with what should happen in the future.

True

False

79. There is no slack in the activities on the critical path.

True

False

Answer 1

76. Yes the standard deviation refers to variation in measurement of indivual items being produced because standard deviation is the standard or typical difference between each data point and the mean. When the values in a dataset are grouped closer together, you have a smaller standard deviation. So generally mean is calculated by grouping together of individual items and makes the result.

77. No, each and every activity is to be monitored carefully to make a successfull project. In a project even a small activity can create a big fatal and bug which can cause the whole project down.. If we have marked important activities then we should make sure all of them should be identified and monitored precisely.

78. Yes, Forecasting is a decision-making tool used by businesses to help in planning, and estimating future growth.The most trustworthy forecasts combine both methods to support their strengths and mitigate their weaknesses. Judgement Forecasting. Judgement forecasting uses only our intuition and experience.

79. Yes there should be zero slack for critical path as Slack, refers to the amount of days or hours that various tasks can be delayed without pushing the project back. The critical pathn has no slack. But other tasks not on the critical path may have built-in float.

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