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A Simple Example of How GoldSim Can Be Used for Project Simulation

Description

In this example seven tasks must be completed to complete a project. Conditional Containers are used to represent each activity (and the project as a whole).  The model explicitly represents the uncertainty in each of the possible critical path durations by using the Beta PERT distribution defined by the three traditional PERT activity time estimates (the optimistic time estimate, the most likely or normal time estimate, and the pessimistic time estimate).

The model calculates the likelihood of each of the critical paths, plots the uncertainty in the project duration, and plots the project duration as a function of critical path. 

Additional Information

Keywords

PERT, critical path, project, Conditional Containers, Beta PERT

Categories

GoldSim Features & Capabilities, GoldSim Applications, Probabilistic Modeling, Containers & SubModels, Dashboards, Cost Modeling & Project Planning

Experience Level
Beginner
Contact

GoldSim Technology Group

 

Making Better Decisions In An Uncertain World