Question: An IT project requires 6 activities. The table below displays the expected time and budgeted cost for each activity. Activity Expected time (weeks) Budgeted Cost
- An IT project requires 6 activities. The table below displays the expected time and budgeted cost for each activity.
| Activity | Expected time (weeks) | Budgeted Cost | Immediate Predecessors |
| A | 3 | $3,000 | None |
| B | 4 | $6,000 | None |
| C | 2 | $7,000 | A |
| D | 5 | $9,000 | B |
| E | 3 | $3,000 | C |
| F | 6 | $8,000 | B,D |
Develop a budget for the 15 weeks of the project using ES times.
- The following represents a project with four activities. All times are in weeks.
| Activity | Immediate Predecessor | Optimistic Time | Most Likely Time | Pessimistic Time |
| A | - | 2 | 8 | 14 |
| B | - | 8 | 8 | 8 |
| C | A | 6 | 9 | 18 |
| D | B | 5 | 11 | 17 |
The critical path is BD. The expected completion time is 19 days. Assume the normal distribution is appropriate to use to determine the probability of finishing by a particular time. What is the probability that the project is finished in 22 weeks or more? (Round to two decimals.)
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