Understanding PERT Formula Proof for Project Management

In summary, the formula used in project management for determining expected time of an activity is a weighted average of the pessimistic, most likely, and optimistic values. The parameters used in this formula are based on experience rather than mathematics. It may also be related to Simpson's rule, where the average of the estimates over a certain interval can be approximated using the formula. However, the specific purpose of this average in relation to expected time is unclear.
  • #1
Tawoos
3
0
a formula used in project management for determining the expected time of an activity states that:

Expected time = (Pessimistic value + 4*most likely value + Optimistic value)/6

I am searching for a proof for this law. I've searched the internet, and found out it's related to the Beta Distribution function, but little details about how the shape parameters of the beta distribution were chosen and why?

Can someone explain to me the outline of the proof at least?

Thanks in advance.​
 
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  • #2
That is certainly not a "law" but rather an approximation or estimate. Mathematically, it is simply a "weighted average". I presume that the choice of parameters is based on experience in the field, not mathematics.
 
  • #3
It looks like it might also have something to do with Simpson's rule. Let f(x) be your estimate of the xth percentile for the time (so e.g. f(50%) is your estimate of the median time required). Suppose your "low estimate" is f(25%), your "medium estimate" is f(50%), and your "high estimate" is f(75%). Simpson's rule tells you that the average of f over the interval (25%, 75%) can be approximated by (f(25%) + 4f(50%) + f(75%))/6. I don't know what good that average does you; perhaps it is somehow related to the expected time.
 

FAQ: Understanding PERT Formula Proof for Project Management

1. What is the PERT formula?

The PERT (Program Evaluation and Review Technique) formula is a mathematical model used in project management to estimate the minimum time needed to complete a project. It takes into account the optimistic, most likely, and pessimistic time estimates for each task in a project and calculates the expected completion time.

2. How is the PERT formula used in project management?

The PERT formula is used to determine the critical path of a project, which is the sequence of tasks that must be completed on time in order for the project to be completed within the expected timeframe. It also helps project managers identify tasks that have a high probability of delaying the project and allows for better resource allocation and risk management.

3. What is the proof behind the PERT formula?

The PERT formula is based on a statistical distribution known as the Beta distribution. The proof involves using the properties of this distribution to calculate the expected completion time of a project by taking the weighted average of the optimistic, most likely, and pessimistic time estimates for each task.

4. What are the limitations of the PERT formula?

One limitation of the PERT formula is that it assumes a normal distribution of task completion times, which may not always be the case. It also does not take into account external factors or unexpected events that may impact the project timeline. Additionally, the accuracy of the formula depends on the accuracy of the time estimates for each task.

5. How can the PERT formula be applied in real-life project management scenarios?

In real-life project management scenarios, the PERT formula can be used to estimate the expected completion time of a project, identify critical tasks, and allocate resources accordingly. It can also be used to determine the impact of delays in individual tasks on the overall project timeline, allowing for better risk management and contingency planning.

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