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      Chapter

      When Activity Durations Move Together: Incorporating Correlation
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      Chapter

      When Activity Durations Move Together: Incorporating Correlation

      DOI link for When Activity Durations Move Together: Incorporating Correlation

      When Activity Durations Move Together: Incorporating Correlation book

      When Activity Durations Move Together: Incorporating Correlation

      DOI link for When Activity Durations Move Together: Incorporating Correlation

      When Activity Durations Move Together: Incorporating Correlation book

      ByDavid Hulett
      BookPractical Schedule Risk Analysis

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      Edition 1st Edition
      First Published 2009
      Imprint Routledge
      Pages 22
      eBook ISBN 9781315601885
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      ABSTRACT

      In schedule risk analysis we do not believe that all activities will be at their most pessimistic or most optimistic durations in the same project. But, what would happen if many activities were to overrun their estimated durations together on our project? That event could cause very large overruns of the total project completion date. This is because the long durations are summed down the paths, reinforcing overruns of other long-duration activities on the same path. We can handle this common occurrence in probabilistic analysis using correlation between uncertain activity durations.

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