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

A project has four activities (A, B, C, and D) that must be performed sequentially. The probability distributions for the time required to complete each of the activities are as follows:

A project has four activities (A, B, C, and D) that must

1.?Provide the base-case, worst-c ase, and best-case calculations for the time to complete the project.
be performed sequentially. The probability distributions for the time required to complete
2. Use the random numbers 0.2383, 0.6426, 0.9677 and 0.2478 to simulate the completion time of the project in weeks.
each of the activities are as follows: 1.?Provide the base-case, worst-c ase,

Activity Time (weeks) Activity Probability 0.31 0.32 0.24 0.13 2 0.24 0.54 0.22 15 17 19 21 23 0.09 0.23 0.39 0.20 0.09 0.73 7 2 0.27

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 Accounting Questions!