The time estimates obtained from four contractors P, Q, R and S for executing a particular job are as under:
Contractor Optimistic time (t0) Most likely time (t1) Pessimistic time (tp)
P 5 10 13
Q 6 9 12
R 5 10 14
S 4 10 13

Which one of the contractors is more certain about completing the work in time:

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JKSSB JE (Civil) Official Paper (Held On: 19 Nov, 2023)
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  1. Contractor P
  2. Contractor Q
  3. Contractor R
  4. Contractor S

Answer (Detailed Solution Below)

Option 2 : Contractor Q
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Detailed Solution

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Concept:

To determine which contractor is more certain, we calculate the standard deviation (σ) for each contractor using the PERT formula:

\(\sigma=\frac{t_p-t_0}{6}\)

where σ is standard deviation, tp is pessimestic time, and t0 is optimistic time.

The smaller the standard deviation, the more certain the estimate is.

Calculation:

Contractor P: \(\sigma_P=\frac{13-5}{6}=1.33\)

Contractor Q: \(\sigma_R=\frac{12-6}{6}=1.00\)

Contractor R: \(\sigma_R=\frac{14-5}{6}=1.50\)

Contractor S: \(\sigma_S=\frac{13-4}{6}=1.50\)

 Contractor Q is most certain about completing the job on time.

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