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PMI-SP - Schedule Development Tools and Techniques - Critical Chain Project Management (CCPM)
Intermediate
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During activity duration estimation for a major event management project, your team has access to three estimates for each activity: an optimistic estimate of 2 days, a most likely estimate of 4 days, and a pessimistic estimate of 12 days. Which value represents the expected duration using PERT?
a.
7 days, calculated by averaging the optimistic and pessimistic estimates only
b.
4 days, as it represents the most likely scenario based on current conditions and expert judgment
c.
6 days, which is the statistical mean of all three estimates provided by the stakeholders
d.
5 days
Intermediate