Evaluating project completion times when activity times are Weibull distributed

Evaluating project completion times when activity times are Weibull distributed

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Article ID: iaor20052139
Country: Netherlands
Volume: 157
Issue: 3
Start Page Number: 704
End Page Number: 715
Publication Date: Sep 2004
Journal: European Journal of Operational Research
Authors:
Keywords: project management, statistics: distributions
Abstract:

Activity networks have been used to model complex projects with wide applications in the field of production, planning and control. Stochastic activity networks (SANs) require a priori distribution function (d.f.) such as normal, exponential, Erland and others. In this paper, a development of the moments method based on Weibull distribution of activity time is presented. The method provides an accurate estimate of the project completion time compared with other d.f.'s estimates.

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