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 Most Likely Time given Expected Time?
Most Likely Time given Expected Time calculator uses Most Likely Time = (6*Mean Time-Optimistic Time-Pessimistic Time)/4 to calculate the Most Likely Time, The Most Likely Time given Expected Time formula is defined as the time required to complete an activity under normal working conditions. Most Likely Time is denoted by tm symbol.
How to calculate Most Likely Time given Expected Time using this online calculator? To use this online calculator for Most Likely Time given Expected Time, enter Mean Time (te), Optimistic Time (t0) & Pessimistic Time (tp) and hit the calculate button. Here is how the Most Likely Time given Expected Time calculation can be explained with given input values -> 3.5E-5 = (6*345600-172800-864000)/4.