000 01597naa a2200205uu 4500
001 6032211321321
003 OSt
005 20190211160717.0
008 060322s2006 xx ||||gr |0|| 0 eng d
100 1 _aTRIETSCH, Dan
_923520
245 1 0 _aThe effect of systemic errors on optimal project buffers
260 _aAmsterdam :
_bElsevier,
_cMay 2005
520 3 _aExisting mathematical models for setting buffers for time or cost in project management assume that project activities are statistically independent. This leads to a highly counterintuitive and damaging conclusion that project buffers should become relatively negligible for projects with long chains of activities. We present a model that considers the statistical dependence between activities caused by estimation bias. We show that if relatively high service levels are desired, this imposes a positive lower bound on the buffer as a data-based fraction of the estimated project duration or budget. We also introduce a new approach for collecting data and estimating the parameters necessary to implement the model. This approach places a smaller burden on decision makers than traditional PERT: they provide single point estimates for means, while variance elements and bias correction are computed electronically using historical data.
650 4 _aTempo
_916923
650 4 _aCusto
_912970
773 0 8 _tInternational Journal of Project Management
_g23, 4, p. 267-274
_dAmsterdam : Elsevier, May 2005
_xISSN 0263-7863
_w
942 _cS
998 _a20060322
_b1132^b
_cNatália
998 _a20130820
_b0957^b
_ckarina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c15042
_d15042
041 _aeng