Program Evaluation and Review Technique (PERT) & Monte Carlo Analyses
Instructions
Program Evaluation and Review Technique (PERT) and Monte Carlo Analyses
Refer to the activities defined in the Unit II Assignment, and complete the following tasks.
Create a table of the activities, and identify logical relationships by identifying predecessors.
Estimate activity durations using three-point estimates.
Create a PERT schedule, and identify the project critical path.
Using the breakfast schedule spreadsheet as a guide (along with the 7 supplement Monte Carlo simulation), model your schedule using Monte Carlo analysis (10 trial runs minimum).
To assist as you create your assignment, watch the Backward Pass Simulation video.
Also watch the Forward Pass Simulation video.
A transcript and closed captioning are available once you access the videos.
Submit your PERT and Monte Carlo analyses for grading along with a one-page written summary of the results and a brief discussion of how the results could be used to inform a project schedule risk plan. APA Style and outside sources are not a requirement for this assignment.
Summary
Student Full Name
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Summary
The development of a project schedule is a necessary process that assists in determining the start to the finish stage of a project. Moreover, the activity is also vital in determining the actual project duration. Program Evaluation and Review Technique (PERT) and Monte Carlo analysis are important for developing project schedules. They assist in revealing the forecasted project duration and inform in the planning of a risk plan to avoid potential delays or disparities in the implementation process.
The results show that the project schedule will move all the existing call center stations to newer and larger facilities. Therefore, it is vital to ensur...
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