Question: 1.1 What is the projects expected duration? What is the standard deviation of each activity? 1.2 Estimate the probability of finishing the project in 28

1.1 What is the projects expected duration? What is the standard deviation of each activity?

1.2 Estimate the probability of finishing the project in 28 days or less.

1.3 You learn you can receive a significant bonus if the project finishes on day 25. What is the probability of this occurring?

1.4 To provide your top managers with a 95% assurance of finishing on time, how long should the projects duration be?

Activity Immediate Predecessor Optimistic Time Estimate (a) Most Likely Time Estimate (m) Pessimistic Time Estimate (b)
A none 2 5 8
B A 5 6 10
C A 2 4 6
D B, C 4 7 15
E D 3 4 8
F C 2 3 6
G F 4 5 9
H E, G 1 2 5

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Project 1 Probability Return Standard Deviation Beta 50% Chance 22% 12% 1.2 50% Chance -4% Project 2 Probability Return Standard Deviation Beta 30 % Chance 28% 19.5% .08 40% Chance 10.5% 30% Chance...

Q:

Old MathJax webview please help me with the bottom left that is all I have left on the sheet. H through K. Just need the correct formulas Table a has an Activity schedule for web page development....

Q:

Question 1 Which of these statements about this network is BEST? Group of answer choices Activities A and C are serial activities. Activities B and C are serial activities. Activities A and B are...

Q:

Immediate Predecessor none Activity A B A B, C D F E, G Optimistic Time Most Likely Time Pessimistic Time Estimate (a) Estimate (m) Estimate (b) 2 5 8 5 6 10 2 4 6 4 7 15 3 4 8 2 3 6 4 5 9 1 2 5 E F...

Q:

Problem #1 Assume you are managing a project and below is the information shown on Problem-1 Data worksheet. 1.1 Determine the critical path and the length of the critical path (i.e., the project's...

Q:

I WANT THE SOLUTION OF THE TWO SELECTED POINTS ONLY ( XIII & XVI ) YOU CAN FIND THE ANSWERS OF ALL OTHER POINTS BELOW THE QUESTION . Most Time Cost 15 2 3 1 2 B D E F G 1 14 8 1 3 8 18 4 2 11 4 1 17...

Q:

Project Management create a Work Breakdown Structure showing level 1-3. Calculate the project estimation completion time. Using the data provided answer all questions if possible, showing...

Q:

PLEASE I WANT THE ANSWER OF THE REMAINING POINTS AS I POSTED THIS QUESTION 3 TIMES AND EVERY TIME ONLY 4 POINTS ARE BEING ANSWERED THX :) I WANT THE ANSWER OF XIII XIV XV XVI !!!!!! I WANT XIII & XVI...

Q:

Use the data to answer the questions 1. Problem #2 Suppose you are considering crashing a project. The project's network diagram (AON format) is in the Problem-2 Data Worksheet, along with the table...

Q:

Explain with Formulas YOU Would like to determine the expected duration and variance for the project's seven activities named AO G. able + mas the weights assigned to optimistic, most likely, and...

Q:

a. C. 11.3 Given below are the statements of financial position of Glee and of its subsidiary Smash as at 31 December 8, Equity and Liabilities 400,000 ordinary shares 300,000 ordinary shares...

Q:

Donna driver gets into a car accident with Vic Victim in Cleveland, Ohio. Vic sustains severe injuries. Donna admits liability as she knows that she ran a red light by mistake, thus causing the...

Q:

Forensic science can be described as: Group of answer choices using technology to uncover criminals behaviors. a unique industry of accountants who uncover corruption and fraud. the application of...

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...