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by pertdist
430 days ago
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I did a project with non-technical stakeholders modeling likely completion dates for a big GANTT chart. Business stakeholders wanted probabilistic task completion times because some of the tasks were new and impractical to quantify with fixed times. Stakeholders really liked specifying work times as t_i ~ PERT(min, mode, max) because it mimics their thinking and handles typical real-world asymmetrical distributions. [Background: PERT is just a re-parameterized beta distribution that's more user-friendly and intuitive https://rpubs.com/Kraj86186/985700] |
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