Consider the project information in the following table. (time in days) Activity Predecessor Optimistic duration Normal duration
Fantastic news! We've Found the answer you've been seeking!
Question:
Consider the project information in the following table. (time in days)
Activity | Predecessor | Optimistic duration | Normal duration | Pessimistic duration |
A | — | 5 | 6 | 7 |
B | — | 8 | 9 | 10 |
C | — | 1 | 3 | 5 |
D | C | 4 | 6 | 8 |
E | A | 2 | 3 | 4 |
F | B, D | 5 | 7 | 8 |
G | C | 6 | 8 | 9 |
a) Calculate the expected time, ES, EF, LS, LF, slack time and variance for each activity
b) What is the expected completion time of the project? Explain.
c) Estimate the probability of finishing the project in 15 days or less (showing calculation)
d) What is the project completion time so that there is a 95% probability that the project will be finished by this time?
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor-Yi Tsay, Philip Old
Posted Date: