What is the estimated completion time for this project? • Can use MS Project, Smartsheet, or manually • Build the schedule based on the Expected time Te = (a+4m+b)/6 • Need to determine the critical path b) What is the estimated budget? • Use MS Project or excel c) What is the probability that the project can be completed in 35 weeks? • Use Excel function NORMDIST(p1, p2, p3, p4) • P1: The deadline, 35 weeks • P2: The duration, the sum of Te on the tasks on the critical path • P3: The standard deviation, the square root of the sum of the variance of the critical path tasks • P4: 1 for cumulative probability • Determine the Variance for the critical path • Variance is the square of (b-a)/6
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