Question: 1 - Draw a network diagram for this project 2 - . Identify all paths through the network diagram. Identify which path you expect to
Draw a network diagram for this project
Identify all paths through the network diagram. Identify which path you expect to be the critical
path and its expected completion time?
Which paths are most likely to threaten this path in terms of becoming critical?
Simulate the completion of this project times assuming that activity times follow a PERT
distribution.
Estimate the mean and standard deviation of the project completion time and the project cost.
Develop histograms for both the project completion time and the cost to complete the project.
What do these histograms tell you?
Using the results of your simulation analysis,
Acalculate the probability that the project can be completed within months.
BWhat is the probability that the project will take longer than months?
C What is the probability that the project will take between and months?
D What is the probability the project will cost $ million or less to complete?
EThe probability the project will cost between $ and $ million to complete?
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