Pessimistic Time Notes: Definitions & Explanations PDF | Download eBooks
Study Pessimistic Time lecture notes PDF with project management definitions and explanation to study What is Pessimistic Time?. Study pessimistic time explanation with project management terms to review project management course for online MBA programs.
Pessimistic Time Definitions:
Pessimistic time (tp) is the time in which a particular activity can be completed under adverse circumstances, such as in the presence of unusual or unforeseen complications.
Successful Project Management by Jack Gido and James P. Clements
Duration based on analysis of the worst-case scenario for the activity is called pessimistic time.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Pessimistic Time Notes:
A work breakdown structure helps to define the activities and tasks involved in the project. These activities are then organizaed into a diagram to show the relation between them and develop a sequence with which activities will be performed. However, it is important to understand that a project may face some risks and uncertaitnies. These uncertianties can either be large or small but in both the cases, they affect the project, especially the activity duration estimates. Therefore, it is necessary to invovle some probability considerations while estimating activity durations. There are three probability considerations normally used in a project. One of the considerations is called pessimistic time. Pessimistic time is the time in which an activity is completed if a lot of complications occur. It is basically the slowest time of the activity.
Keep Learning with Project Management Notes
What is Internal Rate of Return?
In order to select a project among all the opportunities and alternatives, a selection criteria is used that is pre-defined. ...
What is Controlling?
One of the responsibilities of a project manager is controlling the project. It involves tracking the actual progress of the ...
What is Communication Requirements Analysis?
There is a need of communication at different stages of the project and among different people. The communication requirements must ...
What is Resource Breakdown Structure?
The resources needed to carry out a project efficiently must be identified and acquired. Different activities and tasks of a ...
What is Evaluation Criteria?
The proposals from different contractors are evaluated by the customers based on some criteria. These are called evaluation criteria. Evaluation ...
What is Testing?
Testing is basically an investigation conducted in order to check the quality of the project or service against the requirements. ...