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What is the duration uncertainty of the entire path

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Question: You are the project manager of a project. While reviewing the cost estimates for the project, you notice that one of the cost estimates for a WBS item is 20% higher than previous projects for very similar work. What should you do next?Together with your team, you have applied three-point estimation to a critical path consisting of two activities. The following duration uncertainties are calculated assuming a confidence interval of ±3 sigma. The duration uncertainty -defined as the pessimistic estimate minus the optimistic one- of the first activity is 18 days; the second estimate has an uncertainty of 24 days. Applying the PERT formula, what is the duration uncertainty of the entire path?

Reference no: EM133496199

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