# Question: A PERT chart includes the following information a Draw a network

A PERT chart includes the following information:

a. Draw a network and label each activity with its expected time and variance.

b. Calculate the expected completion time of the project.

c. What is the probability that the project will be completed in 30 days?

d. Are the PERT assumptions used to calculate the probability in part c realistic in this case? Why or why not?

e. What is the effect of the large variance in activity B?

a. Draw a network and label each activity with its expected time and variance.

b. Calculate the expected completion time of the project.

c. What is the probability that the project will be completed in 30 days?

d. Are the PERT assumptions used to calculate the probability in part c realistic in this case? Why or why not?

e. What is the effect of the large variance in activity B?

**View Solution:**## Answer to relevant Questions

The Widget Company is planning to manage a small R&D project with PERT. The following information has been estimated. a. Draw the network diagram. b. Calculate the expected time and variance for each activity. c. What are ...Suppose you are managing a chain of retail department stores. As a top manager, how would you measure the overall inventory management performance of each store? How would you use this information in your relationship with ...Suppose you are managing the Speedy Hardware Store. Give examples of items that might be managed by a P system and other items for which a Q system might be used. How do these items differ? The Grinell Machine Shop makes a line of metal tables. Some of these tables are carried in finished goods inventory. A particular table has the following characteristics: Sales = 300 per year Setup cost = $1200 per setup ...A supplier has come to you and offered the following deal. If you buy 29 or fewer cases of cleaning solution, the cost will be $25 for each case. If you buy 30 or more cases, the cost will be $20 per case. Assume your cost ...Post your question