16 Feb Program Evaluation and Review Technique (PERT) and Monte Carlo Analyses (simulation supplement)/ PERT schedule/ Create a table of the activities/ identify the project critical path/ identify logical relationships by identifying predecessors
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Assignment
Instructions
Program Evaluation and Review Technique (PERT) and Monte Carlo Analyses
Refer to the activities defined in the Unit II Assignment (SEE ATTACHMENTS PROVIDED TO COMPLETE
THE 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 (SEE ATTACHMENT-Excel) as a guide (along with
the Monte Carlo simulation supplement in Chapter 7 of the textbook – (SEE
ATTACHMENTS)), model your schedule using Monte Carlo analysis (10 trial runs
minimum).
• To assist as you create your assignment, watch the Backward Pass Simulation video:
https://www.youtube.com/watch?v=9trXrsmRQ7c
• Also watch the Forward Pass Simulation video:
https://www.youtube.com/watch?v=viBZ4vDntRg
A transcript and closed captioning are available once you access the videos.
o Submit your PERT and Monte Carlo analyses for grading
o along with, a one-page written summary of the results
o And a brief discussion of how the results could be used to inform a project
schedule risk plan.
o APA Style and outside sources are not a requirement for this assignment.
Course Textbook: Klastorin, T., & Mitchell, G. (2020). Project Management: A Risk Management Approach. SAGE Publications, Inc.
(US). https://online.vitalsource.com/books/9781544333953
