Question: Problem 2 PERT / CPM table is helene. Note that the Expected Time and Variance are calculated Time Estimates Activity 1 7 4 0 0

Problem 2 PERT/CPM table is helene. Note that the Expected Time and Variance are calculated
Time Estimates
Activity
17
400
1.00
044
Start
Finish
Problem 2(15 points):
The following page has a PERT/CPM set up which is partially completed, as well as the table of completed expected activity times and variances of time. Activity times are given in days. A z-table is appended to the end of this exam.
(a) State the critical path and the expected days for project completion. You must fill in the boxes in the chart on the following page. (7 points)
1-3-5-7, Project expected to be completed in 24 days.
(b) What is the probability that the project will be completed in 28 days or less? (8 points)
(1) Need V(T)=\sigma ^2=2+2+2+24+0.44+0.44+0.11-4.99 days (5 days is acceptable)
(2) From the critical path, p =5(or 4.99),\sigma \epsi =5,6= sqrt(5)=2.24
(3) x=28
sqrt(4.99)2.23
(4) Z(28-24)/2.23-1.79
z-table=0.4693
(5) Prob(T<=28)=0.5000+0.46930.9633-96.33%

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