Define each of these terms used in the 3-Point Estimates method, and indicate how each is determined.

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Define each of these terms used in the 3-Point Estimates method, and indicate how each is determined.
a. Expected activity' duration.
b. Variance of activity duration.
c. Standard deviation of a path’s duration.

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Operations Management

ISBN: 978-0071091428

4th Canadian edition

Authors: William J Stevenson, Mehran Hojati

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Question Posted: Dec 17, 2015 06:15 AM

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Define each of these terms used in the 3-Point Estimates method, and indicate how each is determined.

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a Expected activity duration is a weighted average of optimistic mostlikely and pessimistic ...View the full answer

Operations Management

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