Probabilistic Time for Completion of Any Activity

By Mohit Uniyal|Updated : July 22nd, 2022

The probabilistic time for completion of any activity can be found from

  1. optimistic time
  2. pessimistic time 
  3. most likely time
  4. all of the above.

Answer: D- All of the above.

Probabilistic time for completion of any activity can be found as optimistic time, pessimistic time, and most likely time.

Explanation-

PERT stands for Program Evaluation and Review Technique, and it was designed to meet the needs of projects with unknown time and cost projections.

It takes a probabilistic approach and is hence appropriate for first-time initiatives or projects involving research & development.

Probabilistic time for completion of any activity can be found from optimistic time, pessimistic time, and most likely time.

  • The optimistic time estimates the shortest time possible needed to complete the activity.
  • The term "most likely time" calculates how long it will take to complete an activity in normal circumstances.
  • Pessimistic time calculates the maximum amount of time that could be needed to complete the activity.

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