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You have determined the duration for your project is 18.5 months with a standard deviation of 1.2 months.

 

What technique will u use to determine the confidence level and the probability of completing the project on a specific day ? 

 

 

 

 

 

A. PERT formula.

B. Monte carlo simulation.

C. Probability analysis.

D. Varience analysis

 

 

Time Management Cost Management Project Management
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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/10/08
Upvote (0) Views (7) Followers (4) Answers (4) Report Question
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Krishna KHASANIS PMP
by Krishna KHASANIS PMP , Project Manager-Electrical , Larsen & Toubro Ltd, P T & D (International)

Thanks for the invite.

It is B - Monte Carlo simulation.

Monte Carlo simulation gives more accurate time estimate.

mamoun mokhtar
by mamoun mokhtar , general manager , albyan technical foungary

option c probability analysis

DR MD ANWAR HOSSAIN
by DR MD ANWAR HOSSAIN , Moderator , bayt.com

I seem Option C is good answer

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