Difference between revisions of "Most Likely Duration"

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(Created page with "Most Likely Duration is an estimate of the most probable activity duration that takes into account all of the known variables that could affect performance. See also optim...")
 
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==Definition==
 
==Definition==
According to [[Macroeconomics by Mankiw (7th edition)]],
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According to the [[PMI Lexicon of Project Management Terms]],
 
:[[Most Likely Duration]]. An estimate of the most probable activity duration that takes into account all of the known variables that could affect performance. See also optimistic duration, and pessimistic duration.
 
:[[Most Likely Duration]]. An estimate of the most probable activity duration that takes into account all of the known variables that could affect performance. See also optimistic duration, and pessimistic duration.
  
 
[[Category: Economics]][[Category: Articles]]
 
[[Category: Economics]][[Category: Articles]]

Revision as of 19:12, 3 July 2020

Most Likely Duration is an estimate of the most probable activity duration that takes into account all of the known variables that could affect performance. See also optimistic duration, and pessimistic duration.

Definition

According to the PMI Lexicon of Project Management Terms,

Most Likely Duration. An estimate of the most probable activity duration that takes into account all of the known variables that could affect performance. See also optimistic duration, and pessimistic duration.