A Project That Consists of Six Consecutive Tasks That Have

question 46

Essay

A project that consists of six consecutive tasks that have average duration and worst-case duration estimates (in days)as shown in the table.Use Newbold's method to determine the aggregated two sigma buffer for this project.How does the project buffer computed this way compare with the estimation for project buffer offered by Goldratt?
$$\begin{array} { | l | l | l |} \hline\text { Activity } & \text { Average } & \text { Worst-Case } \\\hline \text { A } & 14 & 21 \\\hline B & 20 & 28 \\\hline\mathrm {C } & 16 & 23 \\\hline \mathrm { D } & 8 & 15 \\ \hline E & 9 & 19 \\\hline \end{array}$$

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Definitions:

Outcomes

Outcomes refer to the results or effects of an action, intervention, or experiment, often used in the context of assessing the effectiveness of a particular strategy or treatment.

Probability

The measure of the chance that an event will occur, expressed as a number between 0 and 1.

Identical Boxes

Boxes that are exactly the same in size, shape, and appearance, typically used for uniform packaging or storage.

Divisible

Capable of being divided or separated into smaller parts without leaving a remainder.