Author Question: To calculate the probability of completing a project by a certain date: (Read 58 times)

littleanan · **on:** Apr 18, 2020

To calculate the probability of completing a project by a certain date:
◦ the expected completion time of the project is taken to be the sum of the activity times on the shortest path.
◦ we assume that the activity durations are independent of each other so that the normal distribution can be used.
◦ we need only the parameters of the beta distribution for the finish node of the diagram.
◦ the variance of the distribution of project completion times is taken to be one-sixth the difference between the latest finish time and the earliest finish time of the last activity in the project.

hramirez205 · **Reply #1 on:** Apr 18, 2020

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