Answer:
Third person is budgeted for one-sixth of his time.
Explanation:
Let x be the third worker's time that should be budgeted to this project.
It is given that three people who work full-time are to work together on a project.
First worker's time that should be budgeted =

Second worker's time that should be budgeted =

It is given that total time on the project is to be equivalent to that of only one person working full-time, i.e. 1.

Isolate the variable x.

Taking LCM, we get


The value of x is 1/6. Therefore the third person is budgeted for one-sixth of his time.