Design team for aircraft using stochastic pert


The design team for an aircraft used stochastic PERT and simulation to develop their bid and assess risk. Use the simplified PERT diagram below and the Excel add-in Crystal Ball to develop a plot of probability versus completion time to illustrate making the Jan 2006 roll-out date.

1079_stochastic pert.jpg

Note that a U (10. 12) denotes a uniform distribution varying between 10 and 12 months as shown below:

2030_uniform distribution.jpg

A N(10, 15) denotes a normal distribution with a mean of 10 and a standard deviation of 1.5 months.

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Mathematics: Design team for aircraft using stochastic pert
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