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Answer require for the question

Submitted by Shakir on Thu, 09/15/2011 - 09:29

Hi,

Can anybody help me please to solve this question with detail.

You are estimating the cost for the website development work package. Most likely the cost will be $1,000. However, there is a chance it can cost as much as $ 1,800 or as little as $500. What is the best estimate for work package ?

A. $1,050

B $1,100

C $1,000

D $3,300

Answer is "A", but i don’t understand how its come.

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Ans should be A. Using the

Submitted by sumedha82 on Thu, 09/15/2011 - 10:39.

Ans should be A.

Using the formula for PERT = P+4M+O/6 = (500 + 4* 1000+ 1800)/6=1050

Little further assistance require

Submitted by Shakir on Thu, 09/15/2011 - 11:03.

Thanks for update. but i am still in little bit confusion how you determine from the question that P = 500 and O = 1800.

M = 1000 its understood.

Low end of the range is

Submitted by harishgulati on Thu, 09/15/2011 - 14:42.

Low end of the range is pessimitic = 500, high end is optimistic 1800.

It says Cost, therefore low end is Optimistic !

Submitted by cirruscruise on Thu, 09/15/2011 - 22:28.

 It says Cost, therefore,

low end is Optimistic = 500  &

High end is pessimistic = 1800

 

Thanks for support

Submitted by Shakir on Fri, 09/16/2011 - 04:28.

Thanks for assistance, now its clear and understandable.

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