Question: Problem Statement: Risk Planning with PERT Consider a project with eight activities, A through H. The activities have uncertain durations lin days) with three estimates

 Problem Statement: Risk Planning with PERT Consider a project with eight

Problem Statement: Risk Planning with PERT Consider a project with eight activities, A through H. The activities have uncertain durations lin days) with three estimates of the activity duration (a,m, and b) of each activity presented in the folowing table. The table also provides th deviation of duration of all activities. \begin{tabular}{|c|c|c|c|c|c|} \hline Activities & Optimisticduration(a) & Mostlikelyduration(m) & Pessimisticduration[b) & Expectedduration()TL,t)) & Standarddeviationofduration[3] \\ \hline A & 3 & 4 & 11 & 5.0 & 1.3 \\ \hline B & 2 & 5 & 8 & 5.0 & 1.0 \\ \hline C & 3 & 6 & 9 & 60 & 1.0 \\ \hline D & B & 12 & 20 & 13.0 & 2.0 \\ \hline E & 3 & 5 & 12 & 6.0 & 1.5 \\ \hline F & 2 & 4 & 6 & 4.0 & 0.7 \\ \hline G & 6 & 9 & 16 & 10.0 & 1.7 \\ \hline H & 1 & 2 & 6 & 3.0 & 0.8 \\ \hline \end{tabular} The project's AON network diagram is shown below, with the expected durations of the acuities filled in the bowes. Please apply PERT method to this project and answer the following questions. The Normal distribution table in provided in Figures and Normal distribution table for Midterm lldond t

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!