Question: A project has four activities (A, B. C, and D] that must be performed sequentially. MIR-HE The probability distributions for the time required to complete

 A project has four activities (A, B. C, and D] that

A project has four activities (A, B. C, and D] that must be performed sequentially. MIR-HE The probability distributions for the time required to complete each of the activities are as follows: Activity Activity Activity Time Probability Activity Time Probability (weeks) {weeks} A 5 0.25 C 1 D {1.1 D 3 |{3.35 1 2 0.25 T 3.25 1 4 {1.40 B 0.1 5 1 B {1.20 1 B 0.05 B 3 3.20 5 0.55 D 3 0.30 'i' 0.25 1 D 0.40 a. Provide the base-case, worst-case, and best-case calculations for the time to complete the project. b. Use the random numbers . 1W3, 3331?, 0.6343. and [1.4533 to simulate the completion time of the project in weeks. c. Discuss how simulation could be used to estimate the probability that the project can be completed in 35 weeks or less

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 Mathematics Questions!