Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What you have decided to do is to go the team and asked them to give you 3 estimates for duration for each tasks (

What you have decided to do is to go the team and asked them to give you 3 estimates for duration for
each tasks (pess, most likely, and opt)(given in spreadsheet). From there you decided that you will
calculate the range of duration for each based on those estimates and then calculate the PERT duration
with the equation to get a sense of the variability.
So with the given critical path data (excel spreadsheet) with the 3 estimates for each tasks duration,
using excel functionality (no need to write VBA code):
Calculate the most likely duration for the critical path / project.
Calculate the pessimistic duration for the critical path / project.
Calculate the optimistic duration for the critical path / project.
Using the results of the most pessimistic, most likely, and most optimistic duration, using the
PERT equation to come up the PERT duration i.e.=(pess +4* ml + opt)/6
Calculate the range of duration values (i.e. the min and max) that this project might take.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Information Systems Management

Authors: Barbara McNurlin

8th Edition

0132437155, 9780132437158

More Books

Students also viewed these General Management questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago

Question

3. How can we use information and communication to generate trust?

Answered: 1 week ago