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Due to some uncertainty in your project schedule, you have decided to use weighted time estimates for the major deliverables. This type of estimate is also known as?

This type of estimate is also known as?

a. Monte Carlo analysis

b. Beta distribution

c. Parametric estimate

d. Autoregressive moving average

Planning Schedule Analysis Schedule Control Schedule Planning Project Management
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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/05/16
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Ghada Eweda
by Ghada Eweda , Medical sales hospital representative , Pfizer pharmaceutical Plc.

The answer is already given by experts. Thanks

Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

B – The weighted average uses the beta distribution or PERT technique.  Refer to

PMBOK® Guide, 5th edition, p.171.

 

Deleted user

Correct Answers is 

b. Beta distribution

PERT OR beta distribution technique is used for weighted average.

Mohamed Helal
by Mohamed Helal , Project Manager , GROUP CONSULT INTERNATIONAL

..................  c. Parametric estimate

Sajjad Ali
by Sajjad Ali , Accountant , Livestock and Fisheries Department

This is also called Standard Errors...

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