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Questions and Answers
What is the main objective of PERT analysis in project management?
What is the main objective of PERT analysis in project management?
- To calculate the critical path of a project
- To evaluate the three time estimates of an activity (correct)
- To determine the earliest start time of a project
- To identify the dependencies between project activities
Which of the following is a characteristic of the Critical Path Method (CPM)?
Which of the following is a characteristic of the Critical Path Method (CPM)?
- It assumes that activity times are independent
- It is used for projects with limited resources
- It focuses on the critical activities in a project (correct)
- It considers both optimistic and pessimistic time estimates
What is the formula to calculate the expected time estimate of an activity in PERT analysis?
What is the formula to calculate the expected time estimate of an activity in PERT analysis?
- te = to + tp
- te = (to + tm + tp) / 2
- te = (to + 4tm + tp) / 3 (correct)
- te = (to + tp) / 2
Which activity has the highest expected time estimate in the given project?
Which activity has the highest expected time estimate in the given project?
What is the purpose of creating a network diagram in project management?
What is the purpose of creating a network diagram in project management?
Which of the following is a limitation of the CPM method?
Which of the following is a limitation of the CPM method?
What is the difference between the PERT and CPM methods?
What is the difference between the PERT and CPM methods?
Which activity has the lowest expected time estimate in the given project?
Which activity has the lowest expected time estimate in the given project?
What is the purpose of estimating activity times in project management?
What is the purpose of estimating activity times in project management?
Which of the following is a benefit of using the PERT method?
Which of the following is a benefit of using the PERT method?
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Study Notes
Time Estimates
- Three time estimates are used to calculate the time estimate (te) for each activity: optimistic time estimate (to), most likely time estimate (tm), and pessimistic time estimate (tp).
Formula for Time Estimate (te)
- te = to + 4tm + tp
Calculated Time Estimates
- Activity A: te = 2 + 4(5) + 8 = 24 -> te = 6
- Activity B: te = 2 + 4(3) + 4 = 30 -> te = 5
- Activity C: te = 6 + 4(8) + 10 = 72 -> te = 12
- Activity D: te = 2 + 4(4) + 6 = 30 -> te = 5
- Activity E: te = 2 + 4(6) + 10 = 66 -> te = 11
- Activity F: te = 6 + 4(7) + 8 = 54 -> te = 9
- Activity G: te = 6 + 4(8) + 10 = 90 -> te = 15
Network Diagram
- The network diagram for the project is constructed using the calculated time estimates.
Time Estimates for Each Activity
- Activity A: te = 4
- Activity B: te = 6
- Activity C: te = 10
- Activity D: te = 12
- Activity E: te = 9
- Activity F: te = 21
- Activity G: te = 22
- Activity H: te = 5
- Activity I: te = 3
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