Question: Problem #1 Assume you are managing a project, and below is the information shown below 1.1 Determine the critical path and the length of the

Problem #1 Assume you are managing a project, and below is the information shown below

1.1 Determine the critical path and the length of the critical path (i.e., the projects expected duration).

1.2 Estimate the probability of finishing the project in 28 days or less.

1.3 You learn you can receive a significant bonus if the project finishes on day 25. What is the probability of this occurring?

Activity Immediate Predecessor Optimistic Time Estimate (a) Most Likely Time Estimate (m) Pessimistic Time Estimate (b)
A none 3 5 8
B A 4 6 9
C A 1 3 6
D B 2 4 7
E D 2 4 8
F B,C 1 4 7
G F 2 6 9
H E, G 3 5 7

1.4 To provide your top managers with at least a 95% assurance of finishing on time, how long should the projects duration be?

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