Question: Given a simple Project like the one pictured above. Optimistic / Most Likely / Pessimist Times were assessed and Path Means and Path Standard Deviations

Given a simple Project like the one pictured

Given a simple Project like the one pictured above. Optimistic / Most Likely / Pessimist Times were assessed and Path Means and Path Standard Deviations were calculated. For Path 1-2-5 we have a Path Mean = 28 and a Path Standard Deviation = 3. For Path 1-3-4-5 we have a Path Mean = 28 and a Path Standard Deviation = 4. Determine both the Probability that Path 1-2-5 will finish in 28 Days or Less and the Probability that the Project will finish in 28 Days or Less.

Options:

0.977249938 : 0.911962578

0.747507533 : 0.516873403

0.908788718 : 0.764604608

0.5 : 0.25

2

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!