Question: Problem # 2 : Your Castle Construction Project ( This problem includes 8 questions Questions # 1 5 - 2 2 ) You are working
Problem #: Your Castle Construction Project This problem includes questions Questions # You are working to build your private castle. You have determined and listed the following major activities that need to take place to complete your project. The table below Table B gives the detailed input you need for your project tasks and relationships.Table BTable CQuestion #: Assume that you worked from the expect timesseen in the tables B and C above and computed the ES EF LS LF the correct slack times of the project. Which statement is correct?Question # : Based on the correct calculations, the correct critical path of your castle project is:Table D seen below, provides the data related to three estimated optimistic most likely, and pessimistic project completion times. Use the tables seen below to answer Question # Table DTable EQuestion # : Based on the estimated times provided in the tables D and E seen above, correct pairs of expected activity times & standard deviations are given by which of the answers seen below?To answer the next question Questions and let us assume that we will use the expected completion times and standard deviation results seen in the first column of Table E For the uniformity of the class answers, lets also assume that activity times are independently and normally distributed. Moreover, for the sake of uniformity, lets select the sequence path to answer Questions # and seenbelow.Question # : What is the probability that all on the critical path will be completed within days?Question # : What is the probability that all on the critical path will be completed within days?Please answer Questions and seen below based on the project costs information seen in the appropriate table seen below.Table FQuestion # : Which one of the answers below best represent the expected cost of the project based on the normal times? Question #: Suppose that you want to reduce your project completion time by days. You would need to use the proper data in tables E and F to compute the cost per day to crash, and to apply the correct timecost tradeoff analysis, to find out how much would the days reduction would cost you?Question # : Apply the same timecost tradeoff analysis to cost you to reduce the project completion time by days.
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