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

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 95 percent confidence level) for each activity. b) Using the expected times, determine the critical path and time for completion. c) Calculate the probably that the project will finish in 22 days. Calculate the probably that the project will finish in 25 days. d) Based on the information given, calculate the probability that the next riskiest path will be completed in 22 days. e) Your boss wants to know what time it will take to complete with you being 90% sure. What do you tell her? Activity Predecessor Opt. (days) Normal (days) Pess. (days) HMMMM UND AND

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!

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...

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...

Question 1 Which of these statements about this network is BEST? Group of answer choices Activities A and C are serial activities. Activities B and C are serial activities. Activities A and B are...

After months of searching for a weekend job, Dant, who is Black, finally got an interview with the owner of a busy car wash and gas station. The owner seemed reluctant to hire him, but Dant managed...

Suppose the diagram of an electrical system is given in Figure. What is the probability that the system works? Assume the components fail independently. 0.7 0.95 0.9 0.8

The area of a rectangle is 16 m2. The width of the rectangle is 1/5m. What is the length of the rectangle?

Michonne Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $155, Units in beginning inventory 100, Units produced...