Question: It is important for project management professionals to be able to review numbers and report on what they are saying. It is also important for
It is important for project management professionals to be able to review numbers and report on what they are saying. It is also important for you, as a project manager, to be able to use software that helps you keep timelines and keep the project running on time and smoothly. This assignment will continue to help prepare you for your responsibilities.
You are a project manager who has successfully completed the project from Topics and A program manager from another division is aware of your familiarity and success with the Technology Refresh Project. He has asked you to perform a schedule risk analysis on a different Technology Refresh Project ie the Technology Refresh Version B Project which is based on your project from Topics and In fact, the project tasks are the same, only the durations and the critical paths are different. Note: Your project files from Topics and are not relevant to this assignment.
Perform a schedule risk analysis for the Technology Refresh Project Version B by completing the following:
Open the attached "Project Risk Assessment Problems Template." Take note of the project information, including the expected durations and the tasks that are on the critical path.
Calculate the following:
The expected project finish time.
The variances for the applicable tasks.
The total critical path variance.
The total critical path standard deviation.
The customer has seen the Technology Refresh Version B Project schedule and the expected project finish time. However, the customer is concerned about the schedule risk of the project. Therefore, he wishes to know the following ie determine the following:
The probability of finishing the project in days.
The probability of finishing the project in days.
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