Question: Activity Predecessor Duration Pessimistic Time Optimistic Time Crash Time Normal Cost ($) Crash Cost ($) Start None 0 A Start 1 3 1 1 600

Activity

Predecessor

Duration

Pessimistic Time

Optimistic Time

Crash Time

Normal Cost ($)

Crash Cost ($)

Start

None

0

A

Start

1

3

1

1

600

600

B

Start

2

4

1

1

1000

1550

C

Start

6

9

4

4

1500

2500

D

A

10

13

7

6

500

1100

E

B,C

1

3

1

1

300

300

F

C

2

5

1

1

2000

2500

G

D

3

4

2

2

1800

2200

H

E

9

11

6

6

3000

4200

I

F

1

4

1

1

1200

1200

End

G,H, I

0

You have been assigned as the project manager on a project with the above information in the table.

There is a lag of 2 weeks between activity C and E.

  1. Determine the project variance (4 marks)
  2. If you need a 95% confidence in the project finishing on time; how much additional time will

be required. Z=1.96 for 95% confidence level (5 marks)

4.What is the probability of completing the project in two(2) more weeks and two(2) less weeks The project duration? What is the probability of completing the project at the project duration.? ( 4+4+4 marks)

5. What is the cost of completing the project in normal time? (2 marks)

i.If i need to reduce the project by three(3) weeks which activity(ies) should be crashed and by

how much will this increase the project cost? (4 marks)

ii. If i need to reduce the project by 5 weeks which activity(ies) should be crashed and by how

much will this increase the project cost? (4 marks)

iii. Which activity can be delayed the longest and which activities cannot be delayed(3+2 marks)

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