MAN435-M5B - MAN-435 Project Management Project Management:...

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MAN-435 Project Management Project Management: Achieving Competitive Advantage, by Jeffrey K. Pinto, (Upper Saddle River, New Jersey: Pearson Prentice-Hall, 2007). ISBN-13: 978-0-558-39543-8 Module 5B Problems: Estimating Time Durations for Projects Read the following supplemental reading and complete the problems as directed. Activities have associated cost and time elements. Cost estimation was covered in Chapter 8. Methods to obtain time estimates are discussed on page 292. These estimates are usually not normal distributions, as is shown in Figure 9.13 on page 293. Normal distributions are symmetric, meaning that the probability to complete a project plus or minus some time span is equal. This is not true for most activities. Think about the time element to complete a paper. You think it might take six hours, but if things go well, you may complete it in five hours. But things may not go well (you may not easily find reference material, or another assignment may unexpectedly have to be
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This note was uploaded on 09/29/2010 for the course BUSINESS Man 435 taught by Professor Bernstein during the Summer '10 term at Thomas Edison State.

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MAN435-M5B - MAN-435 Project Management Project Management:...

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