Question: Critical path is the longest path, therefore expected completion time of the project is 14 weeks. Considering path B with the longest expected duration, we

 Critical path is the longest path, therefore expected completion time of

Critical path is the longest path, therefore expected completion time of the project is 14 weeks. Considering path B with the longest expected duration, we have that project duration estimate of 14 + (1.645)(2) = 17.29 weeks corresponding to the risk of 5% of not delivering the project in time (here, 1.645 is Z-score for 95%). .45 14 17.29 Time (weeks) + Z 0 1.645 ETP + Zap = 14 + (1.645)(2) = 17.29 weeks Justification: Path A has a higher standard deviation than path B. If we base the project completion time on path A, then the estimated completion time (due date) of 16.58* weeks will not result in a 95% chance of completing the project by the due date. If Smitty uses 16.58 weeks as the estimated project completion time, we can only be 90.15%** certain of completing the project on or before the due date of 16.58 weeks. Therefore, 17.29 weeks should be stated as the estimated project completion time. * 10 weeks +1.645 (4) = 16.58 weeks ** Z = (16.58 -14)/2 = 1.29 and P(Z

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