Question: A project using PERT for time estimation, has an expected completion time of 6 3 days and standard deviation of 5 . What is the

A project using PERT for time estimation, has an expected completion time of 63 days and standard deviation of 5. What is the probability of finishing the project?

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!

Q:

A project using PERT for time estimation, has an expected conpletion time of 6 3 days and standard deviation of 5 . What is the y of finishing the project in 6 3 days?

Q:

#1 Monohan Machinery specializes in developing weed-harvesting equipment that is used to clear small lakes of weeds. George Monohan, president of Monohan Machinery, is convinced that harvesting weeds...

Q:

A project expected completion time is 58 days with standard deviation of 4. a) What is the probability of finishing the project in exactly 58 days? b) With probability of 98%, how long is the project...

Q:

project management question Designation A 24. deterimine from falowing Taste Three Achibiby Time Estimates) Activity 1. Design 2. Build Prototype 3. Evaluate Equipment 4. Test Prototype Writ Report...

Q:

04. Determine from following Taste & Three Activity Time Estimates) Activity Designation 3 1. Design 2. Build Prototype Evaluate Equipment 4. Test Prototype Writ Report Write Method Report- Writ...

Q:

A project expected completion time is 5 8 days with standard deviation of 4 . a ) What is the probability of finishing the project in exactly 5 8 days? b ) With probability of 9 8 % , how long is the...

Q:

A project was planned using PERT with three time estimates. The expected completion time of the project was determined to be 40 weeks. The variance of the critical path is 9. (a) What is the...

Q:

please use excel and explain the formulas used Q:11-18 A project was planned using PERT with three time estimates. The expected completion time of the proj- ect was determined to be 40 weeks. The...

Q:

a project manager is evaluating the risk of delay in a project using pert technique. for a specific task, following estimates are given O = 4 days M = 6 days P = 1 6 days based on this estimates....

Q:

3. Consider a PERT network involving six tasks or activities (A to F), as follows: Task/Activity Predecessor Expected Task Duration (days) 30 A Duration Variance (days) 25 A B 40 64 C A 60 81 D B E...

Q:

Cherubin Inc. is currently expected to pay a dividend of $1m in exactly one year time, after which the dividend is expected to grow at 5% per annum forever. The company's CEO has however heard that...

Q:

Listed in the tables are six springs described in customary units and five springs described in SI units. Investigate these squared-and-ground-ended helical compression springs to see if they are...

Q:

Which one of the following statements is true concerning the premium auditing process? A . An examination of the insured's books and records at the insured's premises is referred to as a voluntary...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...