Question: Activity A C E Immediate Predecessor TATUDFBHG Optimistic 5 JNU ULO00 un 6 5 2 TIME IN DAYS Most Likely Pessimistic 7 11 11 15

Activity A C E Immediate Predecessor TATUDFBHGActivity A C E Immediate Predecessor TATUDFBHG

Activity A C E Immediate Predecessor TATUDFBHG Optimistic 5 JNU ULO00 un 6 5 2 TIME IN DAYS Most Likely Pessimistic 7 11 11 15 9 5 12 Lawaan 00 00 u u TILSST in 80 F H I End E, G, I Click here for the Excel Data File a. What is the probability that the project can be completed in 24 days or less? In 21 days or less? (Round your te and z values to 2 decimal places and "Standard deviation" to 3 decimal places. Round your final answers to 4 decimal places.) Days Probability 24 days or less 21 days or less b. Suppose it is now the end of the seventh day and that activities A and B have been completed while activity D is 50 percent completed. Time estimates for the completion of activity D are 5, 6, and 7. Activities C and H are ready to begin. Determine the probability of finishing the project by day 24 and the probability of finishing by day 21. (Round your intermediate calculations to 3 decimal places and final answers to 4 decimal places.) Probability Day 24 Day 21 7 c. The partners have decided that shortening the project by two days would be beneficial. They have estimated the daily crashing costs for each activity in thousands, as shown in the following table. Which activities should be crashed? First Crash Second Crash Activity C $8 $10 $10 $11 E $9 $10 $7 $9 G $8 $9 $7 $8 I $6 $8 SOLUMINIS First Activity to Crash Second Set of Activities to Crash

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!