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).
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