Question: For a given activity, Optimistic time-17 days, Most likely time- 29 days and Pessimistic time-47 days Calculate a Weighted average activity time and variance b.

For a given activity, Optimistic time-17 days, Most likely time- 29 days and Pessimistic time-47 days Calculate a Weighted average activity time and variance b. If the scheduled duration is 60 day, weighted average activity time is 64 days, and the standard deviation is 6 days. What is the probability completing the project by time period 60 days Use the following Z-Table 2 -0.09 -0.08 -0.07 -0.06 -0.05 -0.04 -0.03 -0.02 0.01 -0.00 -0.9.16111635 1660 1685 1711 1736 1762 1788 .1814 1841 -0.8 1867 1894 1922 1949 .1977 2005 2033 2061 2090 2119 -0.7 2148 2177 2206 2236 2266 2296 2327 2358 2389 2420 -0,6 2451 2483 2514 2546 2578 12611 2643 2676 27092743 -0.5 2776 2810 2843 2877 2912 2946 2981 3015 3050 3085 Edit View Insert Format Tools Table 12 Daranan R T A Dal 6 0

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Draw an activity-on-node network diagram for the following project, including the estimated time for each activity: explain your answer and show your work b) What is the critical path, expected...

Given the following information: Activity Optimistic Time ( days ) Most Likely Time ( days ) Pessimistic Time ( days ) Predecessor A 4 5 6 - - B 7 8 6 - - C 1 0 1 2 1 4 A D 1 1 1 4 1 7 B E 8 1 1 1 4...

Project Management Objective There are three phases in the management of complex IT projects: planning, scheduling and controlling. This exercise focuses on the first two phases. In particular, we...

Kelle Carpet and Trim installs carpet in commercial offices. Peter Kelle has been very concerned with the amount of time it took to complete several recent jobs. Some of his workers are very...

Problem 1) (50 points) Kelle Carpet and Trim installs carpet in commercial offices. Peter Kelle has been very concerned with the amount of time it took to complete several recent jobs. Some of his...

elle Carpet installs carpet in commercial offices. Peter Kelle has been very concerned with the amount of time it took to complete several recent jobs. Some of his workers are very unreliable. A list...

For each activity, you are given its optimistic time, its most likely time, and its pessimistic time, in that order. Times are in days. a ) What is the expected path duration of each path? ( 1 0 pts...

Karen Matthews of Century Engineering is excited that the Vice President of Development recently approved her project. The 25,000-seat basketball stadium will be the largest project her firm has...

Accompanying a bank statement for Borden Company is a credit memo for $22,330 representing the principal ($22,000) and interest ($330) on a note that had been collected by the bank. The company had...

A pharmaceutical manufacture (firm 1) currently has a patent for the only drug to treat a certain illness. The patent lasts one period. In period two, a second firm will be permitted to enter the...

Select all that apply If MM are right, which of the following statements is / are true? capital will flow to companies with negative - NPV investments regardless of the companies' capital structure...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...