Question: Given the following financing project being considered by a venture firm, find the probability of completing the path with the longest expected duration by 1
Given the following financing project being considered by a venture firm, find the probability of completing the path with the longest expected duration by weeks; by weeks. By what date is management percent sure that this path will be completed?
Time weeks
Activity Optimistic Most Likely Pessimistic
: Collect firm data
: Analyze data
: Determine need
: Determine profitability
: Evaluate risk
: Interview owners
: Check references
: Evaluate industry
: Evaluate economy
: Decide funding
If the venture firm can complete the project for the funder within weeks, it will receive a bonus of $ But if the project delays beyond weeks, it must pay a penalty of $ due to lost opportunity. If the firm can choose whether or not to bid on this project, what should its decision be if the project is only a breakeven one normally?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
