Summary
Summary PERT/CPM
- Course
- Comm 223 (COMM223)
- Institution
- Concordia University ( )
DETAILED CLASS NOTES FOR PERT / CPM L2 CH 17
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PERTSaturday, January 23, 2021 6:16 PM
PROBABILISTIC TIME ESTIMATES
- Beta distribution used to describe variability in activity durations
- The main determinant of the way CPM/PERT networks are used is
whether activity/work package durations are probabilistic or
deterministic
Three point estimate methods
- The probabalistic PERT/CPM approach that incolved 3 duration
estimates for each activity/work package instead of one:
• Optimistic time = t0
○ The length of time required under optimal
conditions
• Most likely time = tm
○ The most probable length of time required
○ Time required in most common or normal
conditions
• And pessimistic time = tp
○ The length of time required under the worst
conditions
○ Under most commonly disadvantageous
situations
BETA DISTRIBUTION
- Continuous positive distributions used to describe variability
- Path duration distribution is approximately a normal distribution
-
,
, BETA DISTRIBUTION
- Continuous positive distributions used to describe variability
- Path duration distribution is approximately a normal distribution
-
EXPECTED TIME Te
- Once you have the probabilistic time estimates can compute the mean
time:
- Te = weighted averge of the 3 time estimates
-
- Expected duration of a path = sum of the expected times of the
activities on that path
-
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