Given the following financing project being considered by a venture firm, find the critical path probability of completion by 17 weeks. By 24 weeks. By what date is management 90 percent sure completion will occur?

If the venture firm can complete the project for the customer within 18 weeks, it will receive a bonus of $10,000. But if the project delays beyond 22 weeks, it must pay a penalty of $5,000 due to lost opportunity. If the firm can choose whether or not to bid on this project, what should its decision be if the project is only a breakeven onenormally?

Times (weeks) Most Activitv* Optimistic Likely Pessimistic 1-2: Collect firm data 1-3: Analyze data 10 10 10 1-4: Determine 2-6: Determine 3-6: Evaluate risk need profitability 13 10 4 4 3-7: Interview 3-5: Chech 4-5: Evaluate 5-7: Evaluate 6-7: Decide owneTS 10 references industry economy funding 14 4