Program Evaluation and Review Technique
Overview:
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 transcript 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.
Additional Guidelines
The quotes should be complete sentences (no more, less) and should be incorporate-d in your essay to illustrate your ideas. Please, cite your sources in a clickable reference list at the end. Also, do not copy without providing proper attribution (quotation marks and in-line citations). Also, write an essay format, not in bullet form, numbering, or another list format. It would be best if you use your own words. Lastly, proofread your work and run it through Grammarly for thorough confirmation.
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