Question: Part I (15 points) Consider the following project network and its activity times. 3 3 10 Start Finish 5 7 E H B F a)

Part I (15 points) Consider the following project

Part I (15 points) Consider the following project network and its activity times. 3 3 10 Start Finish 5 7 E H B F a) Compute ES, EF, LS, LF, slack for each activity. (5 points) Activity ES EF LS LF Slack TIME (WEEKS) 6 A B 5 3 D 2 E 4 F 6 10 H 7 c) What are the critical path(s) and the minimum time to complete the project? (4 points) Critical path(s): Minimum time to complete the project: d) Now assume that the duration of some activities is not known with certainty. The estimates of these activities are shown below. Assuming that the duration of the other activities remains unchanged, answer the following questions. Activity Variance Expected Time (Weeks) 6 A 0.5 B 5 0.4 7 1.5 E 4 0.75 G 10 2 i) Given this new information, what is the project's expected completion time and standard deviation? Show your work. (4 points) ii) Calculate the probability of completing the project in 21 weeks. (2 points)

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!

21. A building supplies distributor purchased a gasoline-powered fork-lift truck 4 years ago for $8,000. At that time, the estimated useful life was 8 years with a salvage value of $800 at the end of...

QUESTION 4: Project Management (25 points) Part I (17 points) Consider the following project network and its activity times. 8 5 Compute ES, EF, LS, LF, slack for each activity. (6 points) Activity...

Project Management 5. (20 points) Consider the following project network: Cost Slope 15 10 20 25 30 -- 25 4 D 13 15 H 22 15 22 Key: 4 C 10 10 F 15 ES EF Start 5 End 10 10 15 LS LF O B 9 10 E 14 14 G...

PERT network. The major activities and time estimate a, m, and b for each activity are carefully computed and given as follows. A B PE D F G H Activities Predecessors A A A B, C D E, F, G Optimistic...

Draw the Critical Path Method (CPM) network diagram and highlight the critical path for activities shown in Table 1(a). Perform the CPM calculation using the forward pass and backward pass methods...

a) Draw the Critical Path Method (CPM) network diagram and highlight the critical path for activities shown in Table 1(a). Perform CPM calculation using forward pass and backward pass method and...

Contract for construction crew and equipment 8 Build parking lots Exterior lighting 11 7 20 12 Build foundation Start Interior Interior 12 9 electrical Final wiring finish Purchase 8 14 12 material...

Kelle Carpet and Trim installs carpet in commercial offices. Peter Kelle has been very concerned with the amount of time it took to complete several recent jobs. Some of his workers are very...

Question 1 Find the critical path using the critical path method for activities shown in Table 1. Correctly represent the network diagram with activity name, early start (ES), early finish (EF), late...

(A) (20 points) Based on the predecessor table and assumptions below, complete the network diagram in the answer sheet (Word document) with ES, EF, LS, LF dates, and float for each activity. Follow...

Assessment III is a graded assignment that accounts for 30% of the overall course grade. It requires students to select a project that they intend to commence in the future, with a total budget not...

The proportion of defective microcomputer disks of a certain kind is believed to be anywhere from 0.06 to 0.10. The manufacturer wants to draw a random sample and estimate the proportion of all...

A manufacturing company is considering two different production methods for a new product. The first method has a fixed cost of $500,000 and a variable cost of $10 per unit. The second method has a...

4. Carrots are vegetables and peaches are fruit. Furthermore, there are carrots and peaches in the garden. Th erefore, there are vegetables and fruit in the garden. (C, V, P, F, G) Translate the...

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...