Skip to Main Content
Managing Projects as Investments
book

Managing Projects as Investments

by Stephen A. Devaux
September 2014
Intermediate to advanced content levelIntermediate to advanced
255 pages
7h 45m
English
CRC Press
Content preview from Managing Projects as Investments
101Chapter ve: Optimizing the schedule with drag and drag cost
But simply computing the mean of three estimates for each activity tells us
little. If we have ve different paths each of ve activities all leading to a
merge point, the path that turns out to have the most pessimistic results is
likely to affect the merge and all its successors, and there’s really no way to
determine this without a computer.
Today there are many software packages that include what are called
probability risk analysis modules or Monte Carlo simulations. You feed in
the three estimates per activity, tell the software the distribution shapes,
and the software will crank through the schedule of logical dependencies
and duration estimates thousands of times to determ ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Managing Projects for Value

Managing Projects for Value

John C. Goodpasture
Performance and Fault Management

Performance and Fault Management

Paul L. Della Maggiora, Christopher E. Elliott, Robert L. Pavone, Kent J. Phelps, James M. Thompson

Publisher Resources

ISBN: 9781482212709