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Teaching Project Simulation in Excel Using PERT Beta Distributions  Informs

Teaching Project Simulation in Excel Using PERT Beta Distributions Informs

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Instructions and help about pert in excel

In this video we're going to talk about schedule risk the probability that a project won't complete by its deadline there we have a sample project it's a software implementation task an is to gather requirements that has to be done before anything else can be done after that then programming hardware acquisition and user training can proceed in parallel after hardware acquisition is finished and programming is finished the implementation proper can begin after the implementation is finished then there's testing after testing and user training are completer than the project is thought to have ended here's the data that have been given to us on this task in this project we have three time estimates from subject-matter experts for each one of the tasks so for requirements analysis they've estimated that at best we'll finish that in two weeks at worst 14 weeks and the likely time is six weeks so our implementation task II they've estimated at best it will take at least three weeks at most

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