Large, complex business projects require thousands of separate activities and can cost millions of dollars. With such high stakes, managing these projects poses a challenge to any large organization.

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This example illustrates the PERT statistical approach. Throughout this chapter, it has been assumed that the activity duration times are precise values determined uniquely. In practice, however, each ...

Projects are time-limited efforts aimed at accomplishing specific goals. Project managers have the task of completing the project on time, on budget and with the required functionality. Before the ...