Quantitative Project Management using PERT Analysis

Quantitative Project Management using PERT Analysis

Task A

1. Determine the expected completion time for each of the nine project activities.

The PERT equation used in calculation of the expected time as illustrated by Chemuturi & Cagley (2010) is =

E = (O + 4M + P)/6, where

O= optimistic value

M= probability time value

P=pessimistic time value

E= expected time value

From the above formula, the paper used it in calculating the expected time values listed in the table in the embedded excel workbook (double click on the icon “Students_Task_4Vl_MF6_15”). An example of calculation for A is below:

E = (O + 4M + P)/6, where

O=2, M =3.1, P=3.6

E= (2+4(3.1) +3.6)/6

E=3

2. Determine the variance for each of…