Question: 6 pts PROJECT SCHEDULING (PERT). Given the expected duration, Te of the new project is 38 weeks, and the standard deviation of the project, Op

6 pts PROJECT SCHEDULING (PERT). Given the

6 pts PROJECT SCHEDULING (PERT). Given the expected duration, Te of the new project is 38 weeks, and the standard deviation of the project, Op is 2.4718. If the firm can complete the project within 36 weeks, it will be awarded an extra bonus of RM 230,000. However, if the project is delayed beyond 41 weeks, it will pay a penalty of RM 120,000. As the project manager, advise your firm whether or not to bid on this project, knowing that the project is normally a breakeven one. Justify your

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