I’m studying and need help with a Management question to help me learn.
In your opinion, what are the chief benefits and drawbacks of using beta distribution calculations (based on PERT techniques) to derive activity duration estimates? Identify and discuss some of the problems or dangers in using project networks. Under what circumstances can they be beneficial, and when can they be dangerous?
Please write at least four paragraphs answering the questions using APA style and citations including Times New Roman 12-pt font, double-spaced, 1-inch margin and utilizing at least 1 scholarly or professional source related to project management such as project management institute (PMI) articles.The textbook should also be utilized. Please do not use more than one direct quote with no more than 40-word