What is Central Limit Theorem and Critical Path?
Central Limit Theorem: The theorem states that a project consists of a large number of activities, where each activity has its own mean time (te), standard deviation (σ), variance (σ2) and also its own ß-distribution curve.
Critical Path: The time-wise longest path is the critical path. In this path, any type of delay, in any event, will cause a delay in the project. These are shown by double lines or dark lines in a network.
How to Calculate Least Allowable Occurrence Time of Event i?
Least Allowable Occurrence Time of Event i calculator uses LOT of Event i = LOT of Event j-Duration of i-j to calculate the LOT of Event i, The Least Allowable Occurrence Time of Event i formula is defined as the least allowable time at which an event must occur to keep the project on scheduled time. LOT of Event i is denoted by TLi symbol.
How to calculate Least Allowable Occurrence Time of Event i using this online calculator? To use this online calculator for Least Allowable Occurrence Time of Event i, enter LOT of Event j (TLj) & Duration of i-j (tij) and hit the calculate button. Here is how the Least Allowable Occurrence Time of Event i calculation can be explained with given input values -> 0.000289 = 2592000-432000.