Question: Linda is a experienced project manager that makes her aware of risks. She is preparing a project with a projected project duration of 4 5
Linda is a experienced project manager that makes her aware of risks. She is preparing a project with a projected project duration of weeks.
Now Linda does a three point estimate on the critical path CP and calculates the Te and the variance. The Te is weeks and the variance of the critical activities is Linda now calculates the probabilities of meeting the recommended project duration and discovers that the probability p of finishing the project on schedule is
The risk strategy Linda follows stipulates that a project should have a minimum probability of finishing on schedule. Linda therefore goes to the project owner and reccomends to him to change the scheduled duration Ts to what number of weeks as minimum? The numbers are rounded up
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