Question: decision science full question i only need the solution for the last two e and f e) Under the contract, the project must be completed

decision science
decision science full question i only need the
decision science full question i only need the
full question i only need the solution for the last two e and f decision science full question i only need the
e) Under the contract, the project must be completed within 32 weeks, after which UTech is liable to pay $20,000 for each week the project is not completed. How much if any, will UTech have to pay if the project is completed in the expected time? 4 marks f) Determine the probability that UTech will avoid having to pay Airports Authority of Jamaica the stipulated fines. 5 marks QUESTION 1: PERT/CRM 25 MARKS A consulting group within COBAM at the University of Technology has won a bid with Airports Authority of Jamaica (AAJ) to conduct A study of the Economic Impact of the Norman Manley Airport on the GDP of Jamaica. GDP - Gross Domestic Product The lead consultant established the following list of activities, their precedents relationships and probabilistic time estimates for the project. Duration in weeks Activity Description Predecessor Optimistic Likely Pessimistic Contract Signing None 3 4 11 B Questionnaire Design A 2 5 8 Identify Target Group A 3 9 Conduct Survey B, C 20 E Develop 1" Presentation B 3 5 12 Analyse results D 2 G Verify & validate results H Presentation to AAJ E, F, G 2 6 12 D 8 F 4 7 6 9 14 1 4 QUESTION 1: PERT/CRM 25 MARKS A consulting group within COBAM at the University of Technology has won a bid with Airports Authority of Jamaica (AAJ) to conduct "A study of the Economic Impact of the Norman Manley Airport on the GDP of Jamaica". GDP - Gross Domestic Product The lead consultant established the following list of activities, their precedents relationships and probabilistic time estimates for the project. Duration in weeks Activity Description Predecessor Optimistic Likely Pessimistic A Contract Signing None B Questionnaire Design A C Identify Target Group 3 6 D Conduct Survey BC 8 12 20 E Develop 1" Presentation B 3 F Analyse results D 2 G Verily & validate results H Presentation to A EFG a) Calculate the expected time, to the nearest whole number, for each activity and display in the table below 3 marks Activity ABCDEFGH Expected Time b) Construct the network diagram 5 marks c) Determine the expected completion time of the project 4 marks d) Identify the critical activities for the project. 4 marks e) Under the contract, the project must be completed within 32 weeks, after which UTech is liable to pay $20,000 for each week the project is not completed. How much if any. will UTech have to pay if the project is completed in the expected time? 4 marks f) Determine the probability that UTech will avoid having to pay Airports Authority of Jamaica the stipulated 5 marks fines

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