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Project Management In order to calculate the probability of the project to be completed in 21 days, the following calculation had to be completed. Calculate the variance associated with each estimated time (ET) using the below formula: σ^2= ((b-a)/6 )^2 Activity Estimated Time (ET) Pessimistic Time (b) Optimistic Time (a) Variance σ^2= ((b-a)/6 )^2 Critical.
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