Question: 12. Develop a Project Network (Project Risk Management): (5.0 pts.) The expected (most likely) times for the project activities are given below. ID Duration Critical

12. Develop a Project Network (Project Risk

12. Develop a Project Network (Project Risk Management): (5.0 pts.) The expected (most likely) times for the project activities are given below. ID Duration Critical 1 6 7 2 3 4 4 Description Pilot production Select channels of distribution Develop marketing program Test market Patent Full production Ad promotion Quality check & Release Predecessor None None 1,2 3,2 1 4 2,3 5,6,7 4 5 10 6 16 7 3 3 8 i. Develop a network with forward and backward pass (you may draw by hand): (1.0 pt.) (You may draw in a backside of this page) ii. Find the critical path and expected project completion time? (1.0 pt.) 111. Due to the variability, given the project standard deviation (o =) 3 days, what is probability of the project completion by 36 days (1 pt.) Z= Ts (or X)-Te (or u) (Z), From Z find the P (probability) using Z table. 36- = o 3 5 V. Develop the schedule (Early and Latest Start and Finish) (2.0 pts.) Schedule: (fill this schedule from the critical path after forward & backyard pass) Activity Duration Slack Start Early Latest Finish Early Latest (Float) 1 6 2 7 4 3 4 4 5 6 10 16 6 7 3 8 8 3

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!

5. Develop a Project Network (Project Risk Management): (4.0 pts.) The expected (most likely) times for the project activities are given below. ID Duration Critical 1 6 2 Predecessor None None 1, 2...

Adam Gold is making plans for spring break in England. In applying techniques he learned in his quantitative methods class, he has identified the activities that are necessary to prepare for his...

1 1 - 1 8 The Laurenster Corporation is getting into the construction business. A list of activities and their optimistic, most likely, and pessimistic completion times are given in the following...

11-18 The Laurenster Corporation is getting into the con- struction business. A list of activities and their optimistic, most likely, and pessimistic completion times are given in the following table...

2. (30 points) The Laurenster Corporation is getting into the construction business. A list of activities and their optimistic, most likely, and pessimistic completion times are given in the...

The Laurenster Corporation is getting into the con-struction business. A list of activities and their optimistic, most likely, and pessimistic completion times are given in the following table for...

An electrical contractor is examining the amount of time his crews take to complete wiring jobs. Some crews seem to take longer than others. For an upcoming job, a list of activities and their...

Avianunca Aircraft Company is preparing a contract proposal for a new passenger aircraft. Part of the proposal is a development and production schedule for completion of the first aircraft. The...

Bumble Bee Co. has a contract value of IDR 1,000,000,000. A list of activities and their optimistic, most likely, and pessimistic completion times regarding the project are given in the following...

Forten Company's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable...

X-Bank reported an ROE of 15% and an ROA of 1%. How well capitalized is this bank?

The single European currency, the euro, was adopted by 1 1 member nations on January 1 of what year? Multiple Choice 1 9 9 1 1 9 9 9 1 9 8 4 2 0 0 1

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...