Question: A probabilistic project for scheduling using Mont Carlo Simulation analysis is under consideration. The activity durations follow beta distribution with the mean time in months

A probabilistic project for scheduling using Mont

A probabilistic project for scheduling using Mont Carlo Simulation analysis is under consideration. The activity durations follow beta distribution with the mean time in months given below. Based on the given summary statistics from Excel simulation the Standard Deviation of PCT (Project Completion Time) is nearly 2 Months what is the project duration which has nearly 100% chance of successfully being completed? Activity TIME PREDECESSOR A 5 B 8 A A 4 D B.C A)18 months B) 20 months C)22 months D)24 months

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