What are the assumptions an analytical approach makes to develop the project management models?

What will be an ideal response?


In the analytical approach, the probabilities of completing the project within a certain time are computed assuming the following:
(1 ) The distribution of project completion times is normal (by applying the central limit theorem).
(2 ) The expected project completion time is the sum of the expected activity times along the critical path, which is found using the expected activity times.
(3 ) The variance of the distribution is the sum of the variances of those activities along the critical path, which is found using the expected activity times. If more than one critical path exists, use the path with the largest variance.

Business

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