Question: Given a Project with the following information: Activity Standard Deviation Critical Path? Duration (weeks) a 2 yes 5 b 1 3 c 2 4 d

  1. Given a Project with the following information:

Activity

Standard Deviation

Critical Path?

Duration (weeks)

a

2

yes

5

b

1

3

c

2

4

d

3

yes

3

e

1

yes

2

f

2

6

g

2

3

h

3

yes

4

Find:

  1. Critical Path
  2. Number of Weeks project duration
  3. The probability of completing this project in 12 weeks (or less)
  4. The probability of completing this project in 17 weeks (or less)
  5. The number of weeks required to assure a 98% chance of completion

If you will receive a bonus of $125,000 if this project is completed within 15 weeks and be fined a penalty of $50,000 if the project takes longer than 19 weeks should you bid the job? Please show quantitative support for your answer.

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