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Describe the schedule in the discussion forum, and explain why modeling the schedule would assist in managing the schedule risk and why taking the trouble to model the schedule would be important.

Consider a schedule in daily life that in your view would benefit from modeling using program evaluation and review technique (PERT), a Monte Carlo analysis, or both. Describe the schedule in the discussion forum, and explain why modeling the schedule would assist in managing the schedule risk and why taking the trouble to model the […]

What are the advantages of inflating a project based on PERT estimating or incorporating risk?

What are the advantages of inflating a project based on PERT estimating or incorporating risk? What are the disadvantages of inflating a project based on PERT estimating or incorporating risk? How does this technique compare with estimating or forecasting techniques you have used in the past?

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