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it typically takes 5 hours to perform a complete home inspection. If there are unforeseen risk factors, it can take up to 7 hours to finish the inspection. The earliest the project team has ever finished an inspection is in 3 hours. Using the project evaluation and review technique (PERT) to estimate duration how many hours should the project manager plan to schedule the task taking into account all the positive and negative risk factors?
Correct Answer: B
The Project Evaluation and Review Technique (PERT) is a statistical tool used in project management to estimate the duration of tasks by considering uncertainty and variability. PERT employs a weighted average of three time estimates: Optimistic (O): The shortest time in which the task can be completed (3 hours). Most Likely (M): The best estimate of the time required under normal conditions (5 hours). Pessimistic (P): The longest time the task might take, assuming potential issues (7 hours). PMI Risk Management Study Guide References: The PMI-RMP Exam Preparation Study Guide outlines the PERT formula and its application in estimating task durations, highlighting its effectiveness in incorporating uncertainty into project schedules.