Question: Consider the following information about a probabilistic project: Activity Immediate Predecessors Time ( weeks ) Optimistic Likely Pessimistic A 1 3 8 B A 2
Consider the following information about a probabilistic project:
Activity Immediate Predecessors Time weeks
Optimistic Likely Pessimistic
A
B A
C A
D B
E C
F D E
G F
a Calculate the expected durations and the variance or standard deviation for each activity.
b What is the expected project completion time and the project standard deviation?
c What is the likelihood the project will be finished by week
d If you wanted to be confident of delivering the project on time, how much additional time would you need to add to the schedule?
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