Question: PERT Example 4: Assume that in a given PERT network the following values have been resulted for 1) expected completion duration, and 2) standard deviation

PERT Example 4: Assume that in a given PERT

PERT Example 4: Assume that in a given PERT network the following values have been resulted for 1) expected completion duration, and 2) standard deviation (from network calculations): T = 40,0 =7. Based on these assumptions: Question 1) what is the probability that the project will NOT take more than 43.5 days to be completed? Question 2) what is the probability that the project will take more than 33 days to be completed? Question 3) what is the probability that the project will take between 31.25 and 44.2 days to be completed? Question 4) how much time must be allowed to achieve a 97.5% confidence of timely completion

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!

What is the relationship between the revenue and expense accounts and the owners equity account?

Assume that in a given PERT network the following values have been resulted for 1) expected completion duration, and 2) standard deviation (from network calculations): Ti = 40,0 = 7. Based on these...

OPRE 3310: Homework Assigoment 3 Due on March 2nd 2021 Q2) An assignment from the OPRE3310 class most likely requires 90 mins to be completed. Optimistically, completing the assignment can take as...

I would like to get detail answers to the questions using Staples Inc. 10-K report for the fiscal year ending January 30,2015 and filed with the security exchange commission on March 4, 2016. please...

how to do this one? Skeinsports is planning to design a new trainer. The production design project contains many steps and they need your help to do it properly. The design manager provided you the...

Logistics Management System (LMS) Project Maxispeed, a multinational company has planned to invest in a new project. This project is to develop an alternative online management system that supports...

can anyone help me with this whole question please kind regards + Fit to page Page vie Question B1 (25 marks) A big construction project has the following list of activities with their durations (in...

Martin Hines started a small business selling gas in his hometown 20 years ago. The company started as a trailer and an above ground tank of regular gasoline. A few years later, a small convenience...

In the credit-scoring system presented in this chapter, would a loan applicant who is a skilled worker, lives with a relative, has an average credit rating, has been in his or her present job and at...

Durine lansary. Its first month of operatioes, Pharoah Compuny accumulated the following manafacturing conts raw mulerilah purchased $ 4 . 7 0 0 on account, factory labor inourred $ 7 , 3 0 0 and...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...