Question: It was determined on Project Widget that the duration for the tasks contained some uncertainty. After more research, the optimistic and pessimistic values were determined.

It was determined on Project Widget that the duration for the tasks contained some uncertainty. After more research, the optimistic and pessimistic values were determined.

a.Calculate the expected time and variance (using the 99percent level) for each activity.

b.Using the expected times, determine the critical path and time for completion. Draw network diagram.

c.Calculate the probability that the project will finish in 39days. Calculate the probability of completing the project in 43days.

d. Management likes to fund projects that have a 95% chance of attaining the plan. How many days are required for the 95% chance?

It was determined on Project Widget that the

Predecessor Activity A B D E F A B B C,D Opt. (days) Normal 3 4 4 7 1 4 3 6 4 8 5 7 4 8 5 9 1 4 2 4 Pess. 8 10 7 12 12 9 18 10 mmm H F,G GH 7 9 J

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!

It was determined on Project Widget that the duration for the tasks contained some uncertainty. After more research, the optimistic and pessimistic values were determined. a)Calculate the expected...

1. (10 pts) You may work this problem by hand or in part with Excel. It was determined on Project Widget that the duration for the tasks contained some uncertainty. After more research, the...

DO NOT USE MICROSOFT PROJECT PLEASE! For this homework, you will need to create one pdf with showing all your work including hand-written work, Excel tables (if used for problem 1) and copies of...

al copies of tables from Microsoft Project (problem 2). 1. (10 pts) You may work this problem by hand or in part with Excel. It was determined on Project Widget that the duration for the tasks...

It was determined on Project Widget that the duration for the tasks contained some uncertainty. After more research, the optimistic and pessimistic values were determined. a) Calculate the expected...

This is all of the information that I used to solve problem 1, including my work and answer. Help on question 2 would be greatly appreciated! Task Predecessor Resource Used Normal Cost Max Crash Time...

It was determined on the project from problem 1 that the duration for the tasks contained some uncertainty. After more research, the optimistic and pessimistic values were determined. This problem...

2. It was determined on the project from problem 1 that the duration for the tasks contained some uncertainty. After more research, the optimistic and pessimistic values were determined. This problem...

1) A project manger has identified the various activities to be done on his project and has marked these activities in the following chart. Identify the path with zero float from the details...

What is a trial balance and what are its purposes?

Consider a simplified version of the distribution problem of Vestel. There are only two products: televisions (1 vol./unit) and refrigerators (3 vol./unit). There are three customers A, B, C located...

None Assume Bright Cleaning Service had a net income of $300 for the year. The company's beginning total assets were $4,500, and ending total assets were $4,100. Calculate Bright Cleaning Service's...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...