Question: You have completed estimating the durations for all tasks on your project and prepared the MS Project Plan shown in the attachment. Strangely, you notice

  1. You have completed estimating the durations for all tasks on your project and prepared the MS Project Plan shown in the attachment. Strangely, you notice that all your tasks take 5 days. Having struggled through PMAN 635 during your days as a UMUC student, you decide to use an optimistic time for each task of three days and a pessimistic time for each task of ten days. You feel that this will account for 90% of all the possible outcomes for each task. To save time, you export the tasks to the file Project problem 4 (attached) and use the Flash Fill feature to fill the column for m, the most likely times. Then you enter your optimistic and pessimistic times.

How much schedule reserve (days) should you add to your initial estimate in order to have a 90% chance of success?

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:

Assessment 1 - Context This assessment requires that you play the role of the project manager of a team assigned to develop a new product. You will be preparing for 2 separate meetings with the...

Q:

Due Week 4: Work Breakdown Structure According to the PMBOK Guide, "the WBS is a deliverableoriented hierarchical decomposition of the work to be executed by the project team, to accomplish the...

Q:

Case Study Ribera, J. (2018). Agile project management. IESE Business School. https://www.thecasecentre.org/programmeAdmin/products/view?id=154257 Objectives Upon successful completion of the case...

Q:

I need a hep with this assignment : Assignment 1 - Steps Required to Develop the WBS EduStream Murdoch University Page 1 HOW TO DEVELOP YOUR WBS Introduction & Overview There are six key steps needed...

Q:

12 Chapter A4148 23218 6/8/01 6:25 PM Page 361 12Initiating Objectives After reading this chapter, you will be able to: 1. Understand the importance of initiating projects that add value to an...

Q:

2 Expanding on the Workstreams to include the Scope of Work Once you have added all of the Workstreams you need, you should now broadly outline the associated Scope of Work for each, as individual...

Q:

ISM/SCM 678 - MBASF Pharmaceuticals Company case. (Adapted from Meredith and Mantel) MBASF Pharmaceuticals Company. has done sufficient new product development at the research and development level...

Q:

Business Event Analysis: Complete the following table based on the specified NBD event. Receive Shipment (From Supplier) Trigger(s) (also indicate type) Collected Data (originates as input for event)...

Q:

SmartMed Hospital Products Revisited - Assignment 3 SmartMed Hospital Products Corp. has done sufficient new product development at the research and development level to estimate a high likelihood of...

Q:

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...

Q:

List and briefly describe five major benefits of strategic management.

Q:

What is the MIPS assembly code to load this 32-bit constant into register $s0? 0000 0000 0011 1101 0000 1001 0000 0000

Q:

A prospectus is a detailed explanation of how a corporation is reinvesting its profits, and its purpose is to justify a decision to not pay a dividend. a . True b . False

Q:

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...