Suppose we are given the following data for a project: There is no penalty if the project
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Suppose we are given the following data for a project:
There is no penalty if the project is completed on or before the normal PERT duration. However, a penalty of \(\$ 3,000\) is charged for each day that the project lasts beyond the normal PERT duration. Using standard probability approach, find the expected dollar penalty for this project. Carry all intermediate computations to four decimal places.
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Related Book For
Project Management Systems Principles And Applications
ISBN: 272859
2nd Edition
Authors: Adedeji B. Badiru
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