International Capital, Inc. (IC), is a small investment banking firm that specializes in securing funds for small- to medium-sized firms. IC is able to use a standardized project format for each engagement. Only activity times and unusual circumstances change the standard network. Beth Brown has been assigned to this client as project manager partner and has compiled the network information and activity times for the latest client as follows:

MANAGERIAL REPORT
Brown and other broker partners have a policy of passing their plan through a project review committee of colleagues. This committee traditionally checks that all details are covered, times are realistic, and resources are available. Brown wishes you to develop a report that presents a planned schedule and expected project completion time in workdays. Include a project network in your report. The average duration for a sourcing capital project is 70 workdays. IC partners have agreed it is good business to set up projects with a 95 percent chance of attaining the plan. How does this project stack up with the average project? What would the average have to be to ensure a 95 percent chance of completing the project in 70workdays?

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Immediate Predecessor Activity Description Start story draft using template Research client firm Create "due diligence" rough draft Coordinate needs proposal with client Estimate future demand and cash flows Draft future plans for client company Create and approve legal documents Integrate all drafts into first-draft proposal Line up potential sources of capital Check, approve, and print final legal proposal Sign contracts and transfer funds D, F, G G, F Time in Workdays Most Likely Pessimistic Activity Optimistio 10 28 24 13 28 14 17 16 19 10 17 29 45