Comments

Originally appeared as Case Study No. 23 of the Lubin Business School Case Studies series. November 1998

Document Type

Article

Abstract

This case teaches project management concepts (traditionally called PERT / CPM) using the more accurate and modern approach via simulation. The case asks students to construct the network precedence diagram to help a fictitious school design an "MBA over the Internet" program. Using a spreadsheet model and simulation ad-in program (such as @RISK or Insight), the simulation tells management what the critical activities are and whether or not the project can be completed by a certain date. Probabilistic calculations can be made from the simulation. Finally, the case shows how the simulation gives superior results compared to the traditional approaches of PERT / CPM.



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