Answer require for the question
Submitted by Shakir on Thu, 09/15/2011 - 09:29
Hi,
Can anybody help me please to solve this question with detail.
You are estimating the cost for the website development work package. Most likely the cost will be $1,000. However, there is a chance it can cost as much as $ 1,800 or as little as $500. What is the best estimate for work package ?
A. $1,050
B $1,100
C $1,000
D $3,300
Answer is "A", but i don’t understand how its come.
Forums:
sumedha82
Thu, 09/15/2011 - 10:39
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Ans should be A. Using the
Ans should be A.
Using the formula for PERT = P+4M+O/6 = (500 + 4* 1000+ 1800)/6=1050
Shakir
Thu, 09/15/2011 - 11:03
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Little further assistance require
Thanks for update. but i am still in little bit confusion how you determine from the question that P = 500 and O = 1800.
M = 1000 its understood.
harishgulati
Thu, 09/15/2011 - 14:42
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Low end of the range is
Low end of the range is pessimitic = 500, high end is optimistic 1800.
cirruscruise
Thu, 09/15/2011 - 22:28
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It says Cost, therefore low end is Optimistic !
It says Cost, therefore,
low end is Optimistic = 500 &
High end is pessimistic = 1800
Shakir
Fri, 09/16/2011 - 04:28
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Thanks for support
Thanks for assistance, now its clear and understandable.