Question: Probability of Project Completion The formula for activity variance is: s 2 = [ ( b a ) / 6 ] 2 , where b

Probability of Project Completion
The formula for activity variance is:
s2=[(b a)/6]2, where b is the most pessimistic time and a is the most optimistic
The formula for project variance is:
Suppose our critical path had four activities with the following variances:
Activity A: 1.78
Activity B: 4.00
Activity C: 0.69
Activity D: 1.00
What is the Project variance?
What is the Project Standard Deviation?
Suppose our project has a critical path of 16 days. What is the probability that the project will finish by day 18?
How many extra days do we need to generate a 99% chance of finishing on time?

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