search query: @indexterm PERT / total: 49
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| Author: | Berny, J. |
| Title: | A new distribution function for risk analysis. |
| Journal: | Journal of the Operational Research Society
1989 : DEC, VOL. 40:12, p. 1121-1127 |
| Index terms: | BETA FACTOR RISK ANALYSIS CRITICAL PATH METHOD PERT PROJECT MANAGEMENT |
| Language: | eng |
| Abstract: | An alternative approach to deriving risk function by the beta continuous probability distribution is described. It is used to develop a new possible alternative distribution function for risk analysis, with emphasis on its practical implementation as seen by the man in the field. This distribution overcomes the unavoidable major implementation defects of the beta distribution as used in project management risk and critical path analysis. It allows a user who is uncertain about the lower limit to associate a probability with the estimate of the optimistic value. |
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