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Unformatted text preview: 3. Product Team Capability a. The project team may not have the capability to complete the project successfully because of the size and complexity of the project or the technology involved 4. Operations a. There may be an operations risk because of poor information accuracy, lack of communication, missing precedence relationships or bad estimates for activity times. c. Use of PERT/CPM i. Can be used to quantify risks associated with project timing ii. Example 1. An activity in a new product development project might be developing the enabling technology to manufacture it, an activity that may take from eight month to a year. 2. To incorporate the uncertainty into the network model, probability distributions of activity times can be calculated using two approaches, computer simulations and statistical analysis. 3. Helps to get the critical path....
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- Project Management, Activity Times, product development project, Product Team Capability