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How Might a Project Manager Alter a Straightforward PERT Network

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How might a project manager alter a straightforward PERT network to accommodate an inordinately large and complex project?


Definitions:

Global Minimum Variance Portfolio

An investment portfolio constructed to achieve the lowest possible risk (variance), given a set of securities.

Standard Deviation

Standard Deviation is a statistical measure that quantifies the amount of variation or dispersion of a set of data values.

Expected Rate of Return

The anticipated return on an investment, taking into account the probability of different possible returns.

Perfectly Negatively Correlated

A relationship between two variables in which one variable increases as the other decreases with a correlation coefficient of -1.

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