Consider a project which requires the following tasks: Task Immediate Predecessors HEUREYI B C D ...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Consider a project which requires the following tasks: Task Immediate Predecessors HEUREYI B C D Ε F G ABCDEFG none A A B, C none D, E D, E Draw the project network. Assume the time to complete each task is uncertain, with the optimistic, most probable, and the pessimistic task time given as follows: Task Optimistic 3 4 1 1 2 F 4 G 1 Task Time (in days) Most Probable Pessimistic 5 4 2 2 3 8 3 on the information provided, answer the following questions, please show your calculations. 6% b.i) For each task, compute the expected task completion time and variance. JENTE holding 7 4 3 9 18 17 ering cost 12% b.ii) Find the expected project completion time and the variance. Also, what are the critical activities? 5% b.iii) What is the probability of completing the project in 24 days or less? 5% b.iv) What is the probability of completing the project in 22 days or more? Consider a project which requires the following tasks: Task Immediate Predecessors HEUREYI B C D Ε F G ABCDEFG none A A B, C none D, E D, E Draw the project network. Assume the time to complete each task is uncertain, with the optimistic, most probable, and the pessimistic task time given as follows: Task Optimistic 3 4 1 1 2 F 4 G 1 Task Time (in days) Most Probable Pessimistic 5 4 2 2 3 8 3 on the information provided, answer the following questions, please show your calculations. 6% b.i) For each task, compute the expected task completion time and variance. JENTE holding 7 4 3 9 18 17 ering cost 12% b.ii) Find the expected project completion time and the variance. Also, what are the critical activities? 5% b.iii) What is the probability of completing the project in 24 days or less? 5% b.iv) What is the probability of completing the project in 22 days or more?
Expert Answer:
Answer rating: 100% (QA)
To answer these questions well perform a threepoint estimation for each task to compute the expected task completion time and variance The threepoint ... View the full answer
Related Book For
Operations Management Sustainability And Supply Chain Management
ISBN: 9780135173626
13th Edition
Authors: Jay Heizer, Barry Render, Chuck Munson
Posted Date:
Students also viewed these general management questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Brent Bonnin begins his senior year of college filled with excitement and a twinge of fear. The excitement stems from his anticipation of being done with it allprofessors, exams, problem sets,...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Consider the following chair conformation of bromocyclohexane: (a) Identify whether the bromine atom occupies an axial position or an equatorial position in the conformation above. (b) Draw a...
-
Amortization schedule for bonds. On January 1, 2008, Seward Corporation issues $100,000 face value, 8% semiannual coupon bonds maturing three years from the date of issue. The coupons, dated for June...
-
Place the group of five in the middle of the class and surround it with the rest of the class members. They are to watch this groups discussion and to evaluate the leader on his or her ability to...
-
List three ways to get input from the console and convert that input to the desired data type.
-
The Fashion Rack has a monthly accounting period. The firms chart of accounts is shown below and on the next page. The journals used to record transactions are the sales journal, purchases journal,...
-
Q4. Show that, for all values of 8 (80), , and T> 0 there is always a positive probability that ST is negative. (Hint: consider the marginal distribution of ST.)
-
The owner of Neros company has hired you to analyze her company's performance and financial position, as well as the positions of Iits competitors, Centar and Xermix. However, the data Neros abtained...
-
Richa is looking at the results of a Capital Investment Appraisal. The report shows that, assuming a Cost of Capital of 10%, investing in a plant to manufacture a new clothing line would give a...
-
On February 18, 2018, Union Corporation purchased $1,311,000 of IBM bonds. Union will hold the bonds indefinitely, and may sell them if their price increases sufficiently. On December 31, 2018, and...
-
When influencing a person or the public, the communicator plays a very important role. A superior communicator is known to have an inherent 'charisma'. Please describe briefly based on lecture...
-
Jazz Corporation owns 10% of the Williams Corp. stock. Williams distributed a $26,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income (loss) before the dividend was ($3,600). What is the...
-
Briefly explain the similarities and differences in the two types of business combination: net asset acquisition and equity acquisition.
-
Bramble Corp. owned 898000 shares of Cullumber Company stock. On December 31, 2018, when Bramble's account Equity Investments (Cullumber Company) had a carrying value of $5 per share, Bramble...
-
Example for class Problem A The following data pertains to England Company: Balance per the bank statement dated 2010 June 30, is $ 30,000. Balance of the Cash in Bank account on the company books as...
-
Write out the formula for the total costs of carrying and ordering inventory, and then use the formula to derive the EOQ model. Andria Mullins, financial manager of Webster Electronics, has been...
-
A company is investigating the make-or-buy decision for a new item with the following cost structure: a) At what volumes would each decision be preferred? b) What is the most economical decision for...
-
What is revenue management? Provide examples of industries where revenue management is popular.
-
How can the voice of the customer be incorporated in the design of products and services?
-
You are managing the development of a case tracking system project for your large law firm. The requirements phase of the project is almost complete, and preliminary design work has begun. The...
-
At the conclusion of this chapter, the textbook mentions that data and process modeling may eventually become obsolete due to the increasing popularity and usage of object-oriented modeling and...
-
Although data and process models depict the same system with different views, systemi designers must synchronize these different views to make sure that their models are consistent and complete. One...
Study smarter with the SolutionInn App