Question: What does this mean in PERT ANALYSIS: most optimistic estimate (O), a most likely estimate (M), and a pessimistic estimate (least likely estimate (L) I

What does this mean in PERT ANALYSIS:

most optimistic estimate (O), a most likely estimate (M), and a pessimistic estimate (least likely estimate (L)

I know its a time estimate so what should I put for each: days or weeks?

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 Mathematics Questions!

Q:

You and your teammate are on the standing committee at a teaching hospital. Your committee is tasked to analyze how to reduce the operating room (OR) turnover times (TOT). ORTOT starts when the...

Q:

Assignment 2- Project Management Cutting Edge Systems (CES) designs and distributes a variety of management software products online and through various retail outlets located across Canada. CES is...

Q:

1.Which of the following activities does NOT occur during the planning stage of a project? Establish the end product or service Estimate total resources and time required Decide on the form of...

Q:

1.Which of the following activities does NOT occur during the planning stage of a project? Establish the end product or service Estimate total resources and time required Decide on the form of...

Q:

Cutting Edge Systems (CES) designs and distributes a variety of management software products online and through various retail outlets located across Canada. CES is considering the development of an...

Q:

Answer the following questions NUMBER ONE Boni Wahome, a financial analyst at Green City Bus Company Ltd. is examining the behavior of the company's monthly transportation costs for budgeting...

Q:

Consider the following activity list and PERT three-estimates for activity durations. (Durations are in weeks). Activity Optimistic estimate (o) Most likely estimate (m) Pessimistic estimate (p)...

Q:

please see instructions Question 4: Project management (25 marks) Consider the following activity list and PERT three-estimates for activity durations. (Durations are in weeks). Activity Optimistic...

Q:

Please show work as questions asks! Question 4: Project management (25 marks) Consider the following activity list and PERT three-estimates for activity durations. (Durations are in weeks). Activity...

Q:

Which of the following statements is incorrect? Scheduling decisions allocate available capacity or resources (equipment, labor, and space) to jobs for a unspecified period of time. Aggregate...

Q:

Two drinking water samples from Walkerton were collected on two consecutive days to investigate for possible agricultural run-off contamination of nitrite after a major storm on August 10 and 11,...

Q:

Show that for any real constants a and b, where b > 0, (3.2) (n + a)b = (nb).

Q:

Debt and equity both demand payments ( costs to the firm ) which include: a . ( 1 ) Probabilities of default and ( 2 ) expected loss amounts. b . ( 1 ) Loan maturity structures that match the length...

Q:

Big10Sweaters.com is a new company started last year by two recent college graduates. The idea behind the company was simple. They will sell premium logo sweaters for Big Ten colleges with one major,...

Q:

10. Find a news article in a daily newspaper, and answer the following questions: (a) Does the information in the article support your views and attitudes or does it conflict with them? (b) Does the...

Q:

2. Give an example where information that is emotionally interesting, specific and close in time and space, can be used to capture someones interest.

Q:

7. How can an interpreter influence the utterer (sender)?