Adjustment tips - Rev 01/2011 - Milwaukee
Feb 02, 2008 · Average time = 1 optimistic + 4 most likely + 1 pessimistic. 6 Standard Deviation = (Pessimistic time – Optimistic time) 6 Variance = (Standard Deviation)2. Probability of completing the project in N days = Required time(N) (-) Expected time (critical path duration) Standard Deviation [Nothing but Z = (X - Mean) / Standard deviation] = Y (say) ................
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