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.
PERT, critical path, project, Conditional Containers, Beta PERT
GoldSim Features & Capabilities, GoldSim Applications, Probabilistic Modeling, Containers & SubModels, Dashboards, Cost Modeling & Project Planning
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