Question: 115 points) Consider a project with stochastic activity time estimates. Following table gives the estimated activity time and variance for each activity. The critical path

115 points) Consider a project with stochastic activity time estimates. Following table gives the estimated activity time and variance for each activity. The critical path activities of the project are: A-C-D-F-G. Activity Expected Activity Activity Variance Time (days) A5 0.16 B 3 0.04 C7I 0.16 0.64 E Z LARA 0.16 F 3 0 .64 G100.64 SU a. What is the mean earliest finish time of the project? b. What is the variance of the critical path? c. What is the probability of finishing the project in 30 days? If you worked on this problem on paper, please upload the scanned/imaged paper to the "Exam 1 Supporting Work" under assignments

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!

All one question Project Management Problem A for Questions \#20 \#23 Consider the following project network. Time estimates are in weeks. In the previous project network, the critical path...

MASTER TABLE: Activity Immediate Predecess Optimistic Pessimisti Varianc ES LS LF Slack Most Likely CP Var. Perform PERT/CPM analysis including the following steps: 1. Estimate the completion time,...

1. [3 points] Which performance measurement tells you how much more of the budget is required to finish the project (i.e. amount of funds required to complete all remaining work from the current time...

Individual Exercise 4: Project Management 1. The main difference between PERT and CPM is that: A) PERT is more accurate than CPM. B) PERT assumes that activity durations are known. C) PERT ignores...

only answer last question please thanks a time on 7 Question 2 (a) In the following project, complete the expected time and the variance columns of each activity. Hence, find the critical path based...

you may answer both questions if not only answer first question a time on 7 Question 2 (a) In the following project, complete the expected time and the variance columns of each activity. Hence, find...

Consider the activities, durations, and predecessor relationships in the following network. Draw the network and answer the questions that follow. a. Compute the expected time for each activity? b....

The information of XYZ Company about immediate predecessors and estimated times for the activities in a project are given in the table below. Activity A B Time (weeks) a m b 9 10 13 4 11 16 Immediate...

UPEI has a project to set up the speakers for the next term for the executive MBA program. The project has 12 activities with the below time frames in days and precedences. The Fall Business...

Hint: You should compute the z value and provide an estimate as the project will be completed in less than xxx time units with 90% probability. Can you solve the answer on a piece of paper? 2. (30...

How are the expansion path and the long-run average cost curve related?

Money market is essentially a market for short-term funds. In the light of this statement elaborate on the money market and its features. The answer should be a min of 800 Words or else not consider...

Marissa bought a qualified annuity contract for $ 4 0 , 0 0 0 that will give her an annuity of $ 0 0 0 a month for 1 9 yeart. What amount of the monchly annuliy diveribution payment is not taned ? $...

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...