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 Optimistic Time given Expected Time?
Optimistic Time given Expected Time calculator uses Optimistic Time = (6*Mean Time)-(4*Most Likely Time)-Pessimistic Time to calculate the Optimistic Time, The Optimistic Time given Expected Time formula is defined as the minimum possible time in which activity can be completed under ideal conditions. Optimistic Time is denoted by t0 symbol.
How to calculate Optimistic Time given Expected Time using this online calculator? To use this online calculator for Optimistic Time given Expected Time, enter Mean Time (te), Most Likely Time (tm) & Pessimistic Time (tp) and hit the calculate button. Here is how the Optimistic Time given Expected Time calculation can be explained with given input values -> 2.3E-5 = (6*345600)-(4*259200)-864000.