Question: Question 1: You are a project manager for a new complicated project that has 8 tasks. You must create a schedule for the project that

Question 1: You are a project manager for a new

Question 1: You are a project manager for a new complicated project that has 8 tasks. You must create a schedule for the project that has a 95% level of confidence. You have collected time durations from the team as shown below and the task dependencies. Most Activity Optimistic Pessimistic Predecessor Likely A 3 5 12 10 B N 4 A 00 12 20 A D 3 6 B E 4 6 6 5 6 12 F 2 9 G 6 9 14 D, E H 1 2 2 3 F, G 1. Create a network diagram, determine the CP and duration; calculate the slack; calculate the task variances and the project variance, and standard deviation. All units of time are in weeks. 2. The customer wants a 95% confidence level that the project will finish in 40 weeks. Based on the current variance and expected date of completion, what is the level of confidence is completing this project in 40 weeks? What would the calculated date of completion need to be in order to have that level of confidence

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!