Question: Consider a case where the durations given for the above project could not be determined and estimated as random durations which follow a triangular distribution.

 Consider a case where the durations given for the above project

Consider a case where the durations given for the above project could not be determined and estimated as random durations which follow a triangular distribution. If the stakeholders would like to know the estimated duration of the project, what would you tell them? Create a spreadsheet model using a simulation approach in Excel and discuss your findings. Provide a reasonable project duration by taking into account the probability of completion by that date

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!