Mechanical Engineering - Industrial Engineering and Production Management - Discussion
Discussion Forum : Industrial Engineering and Production Management - Section 4 (Q.No. 7)
7.
CPM requires
Discussion:
2 comments Page 1 of 1.
Nvk said:
10 months ago
Meta AI: The correct answer is: triple time estimate.
CPM (Critical Path Method) is a project management technique that requires three-time estimates for each activity:
1. Optimistic Time (O): The shortest possible time required to complete the activity, assuming everything goes well.
2. Most Likely Time (M): The most realistic time required to complete the activity, based on average conditions.
3. Pessimistic Time (P): The longest possible time required to complete the activity, assuming everything goes wrong.
These three estimates are used to calculate the expected time (TE) for each activity, using the formula:
TE = (O + 4M +[07/08, 10:31 pm] Meta AI: The correct answer is: triple time estimate.
CPM (Critical Path Method) is a project management technique that requires three-time estimates for each activity:
1. Optimistic Time (O): The shortest possible time required to complete the activity, assuming everything goes well.
2. Most Likely Time (M): The most realistic time required to complete the activity, based on average conditions.
3. Pessimistic Time (P): The longest possible time required to complete the activity, assuming everything goes wrong.
These three estimates are used to calculate the expected time (TE) for each activity, using the formula:
TE = (O + 4M + P)/6.
This allows for a more accurate and realistic estimate of the time required to complete each activity and helps to identify the critical path and potential bottlenecks in the project.
The other options are not correct:
-> A single time estimate is not sufficient for CPM, as it does not account for uncertainty and variability.
-> Double time estimate is not used in CPM, as it does not provide enough information to calculate the expected time.
=> The triple time estimate is a key component of CPM, allowing for a more robust and accurate project schedule.
CPM (Critical Path Method) is a project management technique that requires three-time estimates for each activity:
1. Optimistic Time (O): The shortest possible time required to complete the activity, assuming everything goes well.
2. Most Likely Time (M): The most realistic time required to complete the activity, based on average conditions.
3. Pessimistic Time (P): The longest possible time required to complete the activity, assuming everything goes wrong.
These three estimates are used to calculate the expected time (TE) for each activity, using the formula:
TE = (O + 4M +[07/08, 10:31 pm] Meta AI: The correct answer is: triple time estimate.
CPM (Critical Path Method) is a project management technique that requires three-time estimates for each activity:
1. Optimistic Time (O): The shortest possible time required to complete the activity, assuming everything goes well.
2. Most Likely Time (M): The most realistic time required to complete the activity, based on average conditions.
3. Pessimistic Time (P): The longest possible time required to complete the activity, assuming everything goes wrong.
These three estimates are used to calculate the expected time (TE) for each activity, using the formula:
TE = (O + 4M + P)/6.
This allows for a more accurate and realistic estimate of the time required to complete each activity and helps to identify the critical path and potential bottlenecks in the project.
The other options are not correct:
-> A single time estimate is not sufficient for CPM, as it does not account for uncertainty and variability.
-> Double time estimate is not used in CPM, as it does not provide enough information to calculate the expected time.
=> The triple time estimate is a key component of CPM, allowing for a more robust and accurate project schedule.
Hardik tekwani said:
9 years ago
PERT required triple time estimation.
CPM required one time estimation.
CPM required one time estimation.
(2)
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