The statement is false. The correct standard deviation is 2 days. In PERT analysis, the standard deviation (σ) is calculated using the formula: σ = (Pessimistic - Optimistic) / 6. In this case, (25 - 13) / 6 = 12 / 6 = 2 days. This value represents the variability or uncertainty in the activity duration estimate. Project managers use this information to assess the risk associated with activity durations and to calculate the probability of completing the project within a specific timeframe. Understanding how to correctly calculate the standard deviation is crucial for accurate risk assessment and project planning.
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How is the standard deviation calculated in PERT analysis?
What is the significance of the pessimistic and optimistic estimates in PERT?
Why is it important to calculate standard deviation in project management?
This question's topic:
PMI Project Management Professional (PMP) /
Process
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