Question: A project team estimates that a work package is most likely to have a duration of 1 6 days. However, under the worst possible conditions

A project team estimates that a work package is most likely to have a duration of 16 days. However, under the worst possible conditions (pessimistic), it will take 40 days, and if conditions are ideal (optimistic), it will take only 4 days. Using the PERT three-point estimation method, what is the expected time for this work package?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Issues related to the discount rate: How (conceptually)is the discount rate for capital budgeting purposes defined and calculated? Is this number appropriate foranalyzing the asset-replacement...

Q:

I need help with the following case. Questions 4 and 5 specifically ISSUES IN ACCOUNTING EDUCATION Vol. 20, No. 2 May 2005 pp. 195-212 Reporting Earnings at Summer Technology A Capstone Case...

Q:

Question 1 Which of these statements about this network is BEST? Group of answer choices Activities A and C are serial activities. Activities B and C are serial activities. Activities A and B are...

Q:

A project team estimates that a work package is most likely to have a duration of 9 days. However, under the worst possible conditions ( pessimistic ) , it will take 1 5 days, and if conditions are...

Q:

Given the information below: a. This project will be completed in days. b. Is task A critical?(type yes or no): c. Task B has a total float of days. A project team estimates that a work package is...

Q:

A project team estimates that a work package is most likely to have a duration of 9 days. However, under the worst possible conditions (pessimistic) it will take 15 days, and if conditions are ideal...

Q:

A project team estimates that a work package is most likely to have a duration of 10 days. However, under the worst possible conditions (pessimistic) it will take 40 days, and if conditions are ideal...

Q:

explanation is important thank you Q23 923 9. Project schedule development is an iterative process. If the start and finish dates are not realistic, the project probably will not finish as planned....

Q:

Read the Article below "5 Keys to estimating" and submit your summary feedback Abstract In the realm of project management, nothing is more valuable than estimates that accurately reflect reality,...

Q:

Toys' City Case Assume that no request for acceleration was placed. Bert scheduled activities 16 to start as early as possible, but scheduled activity 8 (audit of COGS) to start as late as possible...

Q:

Big Tex decides to hire a new manager to help him out around the hotel, and he will pay her $40,000 per year. Calculate the rooms sold, occupancy %, and sales dollars he will need to break even after...

Q:

AA owns 75% of BB. You were provided with the following information for intercompany transactions between A and B during 2020. Assume a 40% tax rate. On December 31, 2019, there was inventory in the...

Q:

Which of the following is a risk? Group of answer choices The project deliverable failed an important test yesterday The latest cost report shows we are already 15% over budget The materials ordered...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....