Course Objectives and Learning Outcomes:
In this assignment, you will identify appropriate uses for data gathering and representation techniques. Apply PERT Analysis to quantity risk events, and describe the outputs of performing quantitative risk analysis such as probabilistic project outcomes analysis and trends.
Assignment Requirement:
Select and briefly describe a project from the news or from your experience to use as a scenario.
Describe how you might apply PERT Analysis (Three Point Estimating) to improve the data used for decision making.
You may select an application other than risk analysis, or you may choose to show a risk analysis application.
Describe:
1. How you would determine which data should be collected
2. How you would collect the data
3. How you would analyze the data
4. How the data would improve decision making accuracy or speed