In Problem 15, suppose the likelihood of project success is 0.5 0.8 0.7 = 0.28.
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In Problem 15, suppose the likelihood of project success is 0.5 × 0.8 × 0.7 = 0.28.
• What is the B/C ratio for the project?
• Which measure makes the project look more attractive, ECV or B/C? In your opinion, does the project merit approval?
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Related Book For 
Project Management For Engineering Business And Technology
ISBN: 9780367277345,9781000092561
6th Edition
Authors: John M. Nicholas , Herman Steyn
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