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PERT Practice

The document outlines the calculations for expected time and variance in project management using PERT, including formulas for expected time and variance of times. It discusses the importance of project variance, calculated by summing the variances of critical activities, and the use of Z-scores to calculate probabilities. Additionally, it highlights the advantages of PERT/CPM in managing large projects, including its straightforward nature, graphical representation, and applicability to various project types.

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Muhammad Saud Dar
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26 views12 pages

PERT Practice

The document outlines the calculations for expected time and variance in project management using PERT, including formulas for expected time and variance of times. It discusses the importance of project variance, calculated by summing the variances of critical activities, and the use of Z-scores to calculate probabilities. Additionally, it highlights the advantages of PERT/CPM in managing large projects, including its straightforward nature, graphical representation, and applicability to various project types.

Uploaded by

Muhammad Saud Dar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PERT Practice

Question
Calculate Expected Time & Variance

Expected time:
t = (a + 4m + b)/6
Variance of times:
v = [(b – a)/6]2
Expected Time & Variance
Network Diagram –Critical Path
Project Variance
Project variance is computed by summing the variances of
critical activities
2 = Project variance
= (variances of activities
on critical path)
Standard Deviation =
Use Z-Score to Calculate Probabilities
Use Z-Score to Calculate Probabilities
Z Table
Advantages of PERT/CPM

1. Especially useful when scheduling and controlling


large projects
2. Straightforward concept and not mathematically
complex
3. Graphical networks help highlight relationships
among project activities
4. Critical path and slack time analyses help pinpoint
activities that need to be closely watched
Advantages of PERT/CPM

5. Project documentation and graphics point


out who is responsible for various activities
6. Applicable to a wide variety of projects
7. Useful in monitoring not only schedules but
costs as well
Practice Question

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