Three Team Members Are Given the Task of Estimating Activity

question 4

Essay

Three team members are given the task of estimating activity durations.Mr.Optimist estimates the activity to take 2 days to complete.Ms.Pessimist estimates the activity to take 5 days.Mrs.Realist claims that the most likely estimate is 4 days.What should their PERT analysis assign as an expected duration for the activity and what are the benefits and implications of deploying this tool?

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Definitions:

Defect Rate

A measure of the frequency at which errors or flaws occur in a manufacturing process or a product.

Quality Performance

The degree to which a product or service meets customer expectations and industry standards.

Internal Failure Costs

Costs incurred to rectify defects found before the delivery of a product to the customer, part of quality control expenses.

Defective Products

Items that fail to meet quality standards or specifications and are therefore unsuitable for sale or use.