In Network Diagram, Three Time values are
assigned for each activity for calculating
average time are:
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The time values assigned to each activity for the calculation of average time in a network diagram are Optimistic time (to), Most likely time (tm), and Pessimistic time (tp).
Explanation:
- Optimistic time - This time value is required for calculating the average time when there are no complications and hurdles.
- Most likely time - In this time, the activity is most likely to be completed. This time estimate makes allowance for some unforeseen delays by considering normal circumstances.
- Pessimistic time - This time value is required in unforeseen difficulties and unusual complications.
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