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 Monte Carlo simulation supplement in Chapter 7 of the textbook), 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 transcriipt 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.
