MCPA#4

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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.

1. Create a table of the activities, and identify logical relationships by identifying predecessors.

2. Estimate activity durations using three-point estimates.

3. Create a PERT schedule, and identify the project critical path.

4. 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. APA Style and outside sources are not a requirement for this assignment.

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