About: Modification of the Three-point PERT Estimate for Practical Use

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The PERT method is widely used as a tool for the estimation of activity duration in project management. At real projects the three-point PERT estimate is often adapted to suit specific requirements and project needs. The peak of the beta distribution is possible to shift to the left or right and get a different mean estimate of the activity duration. The shift of the distribution peak depends on the human behaviour while working on the task. The paper proposes the modification of the three-point PERT estimate using parameterization of the weighted average. It proposes to shift the beta distribution peak, which is dependent on a human work effort and which is reachable by adjusting the PERT three-point estimate. Such a modification shifts the beta distribution peak where the work effort of an allocated source occurs. We demonstrate how to use a suitable parameterization of the three-point PERT estimate to reduce the risk of violating important project terms and due dates. The PERT method is widely used as a tool for the estimation of activity duration in project management. At real projects the three-point PERT estimate is often adapted to suit specific requirements and project needs. The peak of the beta distribution is possible to shift to the left or right and get a different mean estimate of the activity duration. The shift of the distribution peak depends on the human behaviour while working on the task. The paper proposes the modification of the three-point PERT estimate using parameterization of the weighted average. It proposes to shift the beta distribution peak, which is dependent on a human work effort and which is reachable by adjusting the PERT three-point estimate. Such a modification shifts the beta distribution peak where the work effort of an allocated source occurs. We demonstrate how to use a suitable parameterization of the three-point PERT estimate to reduce the risk of violating important project terms and due dates. (en)
Title	Modification of the Three-point PERT Estimate for Practical Use Modification of the Three-point PERT Estimate for Practical Use (en)
skos:prefLabel	Modification of the Three-point PERT Estimate for Practical Use Modification of the Three-point PERT Estimate for Practical Use (en)
skos:notation	RIV/60460709:41110/11:51073!RIV14-MSM-41110___
http://linked.open...avai/riv/aktivita	Z
http://linked.open...avai/riv/aktivity	Z(MSM6046070904)
http://linked.open...vai/riv/dodaniDat	2014
http://linked.open...aciTvurceVysledku	Bartoška, Jan Šubrt, Tomáš
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Česká zemědělská univerzita v Praze / Provozně ekonomická fakulta
http://linked.open...dnocenehoVysledku	213331
http://linked.open...ai/riv/idVysledku	RIV/60460709:41110/11:51073
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	PERT, Project management, Beta distribution, Work effort, Three-point PERT estimate, Activity duration, Risk of violating terms. (en)
http://linked.open.../riv/klicoveSlovo	Project management Activity duration Beta distribution PERT Risk of violating terms. Three-point PERT estimate Work effort
http://linked.open...ontrolniKodProRIV	[0520E8ECDD26]
http://linked.open...v/mistoKonaniAkce	Janská Dolina, Slovakia
http://linked.open...i/riv/mistoVydani	University of Economics, Prague
http://linked.open...i/riv/nazevZdroje	29th International Conference on Mathematical Methods in Economics 2011
http://linked.open...in/vavai/riv/obor	BB
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...UplatneniVysledku	2011
http://linked.open...iv/tvurceVysledku	Bartoška, Jan Šubrt, Tomáš
http://linked.open...vavai/riv/typAkce	WRD - Světová
http://linked.open...ain/vavai/riv/wos	0
http://linked.open.../riv/zahajeniAkce	2011-09-06 (xsd:date)
http://linked.open...n/vavai/riv/zamer	Information and knowledge support of strategic management
number of pages	6 (xsd:int)
http://purl.org/ne...btex#hasPublisher	University of Economics, Prague (Professional Publishing, Mikulova 1572/13, 149 00 Praha 4, Czech Republic)
https://schema.org/isbn	978-80-7431-058-4
http://localhost/t...ganizacniJednotka	41110

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