Program evaluation and review technique and Monte Carlo analyses
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.
1. Create a table of the activities, and identify logical relationships by identifying predecessors.
2. Estimate activity durations using three-point estimates.
3. Create a Program evaluation and review technique schedule (PERT) , and identify the project’s critical path.
4. Using the breakfast schedule spreadsheet as a guide (along with the Monte Carlo simulation supplement in Chapter 7 of the textbook), model your schedule using Monte Carlo analysis (10 trial runs minimum).
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