Question: Consider a project that has been analyzed using CPM-PERT, and now we have all information about the critical path, the project completion time and its
Consider a project that has been analyzed using CPM-PERT, and now we have all information about the critical path, the project completion time and its distribution. Suppose we know that the project completion time, N(72, 25), where the time units are in days. Suppose you are a contractor and have a service policy of 98%. If you are going to bid for a project and propose a time that meets your service policy, what is the maximum Tp you will include your bid? Please ROUND your answer to the NEAREST INTEGER.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
