Applying PERT Analysis: Graphing and Probability in Project Management
VerifiedAdded on 2023/06/12
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Practical Assignment
AI Summary
This assignment focuses on PERT (Program Evaluation and Review Technique) analysis within project management. It involves plotting graphs based on provided data, calculating estimated times and variances, and analyzing probabilities of project completion. The assignment includes scenarios involving normal distribution and improved process implementation, requiring the application of statistical concepts like standard deviation and Z-scores. Furthermore, it explores the use of Beta graphs to estimate task completion levels and solves problems related to project duration and completion probability using normal distribution assumptions. The document also includes a CPM & Float Analysis task, requiring filling a table with activities for a given organization, and then creating a network diagram with critical path. The solution provides detailed calculations and interpretations, offering insights into project scheduling and risk assessment. Desklib provides students access to this assignment solution, along with other solved papers, and study tools to aid in their learning.
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