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On the Generality of the PERT Average Time Formula (1989)

Troutt, Marvin D.

Oxford, UK : Blackwell Publishing Ltd

Decision sciences 20 (1989), S. 0

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ISSN: 1540-5915

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Economics

Notes: It is well known that the PERT average time formula approximation is related to the Beta distribution assumption. In this note, it is shown that if the formula is modified to use the median instead of the mode, then it becomes a good approximation regardless of distribution assumptions. Applications of the formula beyond project management are highlighted.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1540-5915.1989.tb01888.x

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