Question
Download Solution PDFIn PERT chart, the activity time distribution is
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFExplanation:
CPM does not directly model uncertainty.
PERT was developed to address the needs of projects which are being done for the first time – a challenge to estimate activity duration.
PERT (Program Evaluation and Review Technique) uses 3 cases:
- Most Optimistic
- Most Pessimistic
- Most likely durations
PERT determines the probability for each duration, whereas CPM considers the most likely duration.
In the standard PERT analysis, the distribution assumed for the activity times is a Beta distribution.
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