A PM needs to predict the schedule of a new project. She finds that other projects with a similar scope have taken the following number of days: 10, 9, 12, 15, 25, 8, 24, 16, 14, 16. The PM hopes to use the median time taken by those projects to predict the schedule of her new project. What is the median time taken by these projects

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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A PM needs to predict the schedule of a new project. She finds that other projects with a similar scope have taken the following number of days: 10, 9, 12, 15, 25, 8, 24, 16, 14, 16. The PM hopes to use the median time taken by those projects to predict the schedule of her new project. What is the median time taken by these projects

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Project managers make an estimate of the project duration to obtain a feel of how long they have to complete everything. Developing a life plan is similar to estimating a project's duration. You already know where you want to go and that something is almost certainly going to go wrong, but you still need to set a deadline to get there. The overall length of time needed to complete a project, expressed in business days, hours, weeks, or months, is known as the project duration. The timetable for project delivery will show the timeframe, whether it is five days or five years. The length of a project often relies on the resources you have available.

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