Question: On May 1st, the PM sent a memo to their boss stating that Project X would require 13 weeks to complete (see network logic below

On May 1st, the PM sent a memo to their boss

On May 1st, the PM sent a memo to their boss stating that Project X would require 13 weeks to complete (see network logic below - activity on node diagraming) at a total project cost of $62K. B.5 START C.5 E 2 F3 END 04 (Time - weeks) Unknown to the PM, there was a contract executed whereby it was was agreed that there would be a $5K penalty payment per week for every week the project exceeds six (6) weeks. As such, the PM developed the following costing (all costs are in K's) and timing matrix (all timings are in weeks). Normal Crash Activity Time Cost Time Cost Additional Cost per Week A 3 $6 N $8 $2 5 $12 $13.5 $1.5 C 5 $16 3 $22 $3 $8 N $10 $1 $ E 2 $6 1 $7.5 $1.5 3 $14 1 $20 $3 Total $62 What is the minimum amount of additional funding (beyond the project budget of $62K) the PM should request (given the contractual penalty provision)? Z Score Reference Table Z Score Table Cumulative (Single Toll Probabilities of the Normal Probability Distribution (Areas under the Normal Curve from -- to Z Example: the area to the left of 2 - 1.34 is found by following the left 2 column down to 13 and moving right to the .04 column. At the inter section read 9099. The area to the right of 2 - 1.34 is 1-9099 - 0901. The area between the mean (dashed line) and 2 - 1.34 -9099 2 X - 5 4099. 00 .01 .02 .03 .04 .05 .07 .08 .09 . 5000 5040 5080 5120 5160 5199 5239 5279 5319 5359 .1 .5398 5438 5478 5517 5557 5596 5636 5675 5714 5753 2 5793 5832 5871 5910 5948 5987 6026 .6064 .6103 .6141 3 6179 6217 .6255 .6293 .6331 6368 .6406 6443 .6480 .6517 4 .6554 6591 .6628 6664 .6700 6736 .6772 6808 .6844 6879 5 .6915 .6950 .6985 .7019 .7054 .7088 .7123 .7157 .7190 .7224 6 .7257 .7291 .2324 -7357 .7389 .7422 .7454 .7486 .7517 .7549 .7 7580 .7611 .7642 .7673.7704 .7734 .7764 .7794 .7823 -7852 .B .7881 .7910 .7939 .7967 .7995 8023 .8051 .8078 8106 8133 9 8159 8186 8212 82388264 .8289 .8315 8340 .8365 8989 1.0 8413 .8438 8461 8485 8508 .8531 .8554 .8577 .8599 8621 1.1 860 3665 8686 87068729 -8749 .8770 8790 8810 8880 1.2 8849 .8869 8888 8907 8925 .8944 .8962 .8980 1997 9015 1.3 .9032 9049 9066 9062 9099 9115 9131 9147 9162 9177 1.4 .9192 9207 9222 9236 9251 -9265 .9279 9292 .9319 1.5 .9332 9345 9357 9370 9382 9394 9406 .9418 9429 9441 1.6 .9452 9463 9474 9484 9495 9505 9515,9525 9535 .9545 1.7 9554 9582 .9591 .9599 .9608 .9616 .9625 9633 1.8 9641 9649 9656 .9664 .9671 9678 9686 9693 9699 9706 1.9 9713 9719 9726 9732 9738 9744 9750 9756 9761 9767 2.0 9772 .9778 9789 9788 9793 9798 9803 .9808 9812 9817 2.1 9821 9826 9830 .9834 9838 -9842 9846 9850 9854 9857 2.2 9861 .9864 98689871 9875 -9878 9881 .9884 .9687 9890 2.3 9893 .9896 9898 9901 9904 9906 9909 .9911 .9913 .9916 24 9918 9920 9932 9925 9927 9929 9931 .9932 9934 9936 2.5 9938 9940 9941 9949 9945 .9946 9948 .9949 .9951 .9952 2.6 9953 9955 .9956 9957 -9959 .9960 9961 9962 -9963 9964 2.7 9965 9966 9967 9968 9969 .9970 9971 .9972 .9973 .9974 2.8 9974 9975 -9976 9977 9977 .9978 9979 9979 .9980 .9981 2.9 9981 9982 9982 9960 .9954 .9984 9985 9985 .9986 9986 3.0 9987 9987 9987 9988 9988 .9989 9989 9989 9990 9990 3.1 -9990 9991 9991 9991 9992 .9992 9992 9992 9993 9993 3.2 .9993 9993 9994 -9994 99949994 99999999999 9995 3.3 .9995 -9995 9995 9996 9996 9996 9996 9996 9996 .9991 3.4 99979997 9997 9991 9997 9997 9997 9997 99979998 9306

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