Question: table [ [ A: Concept development,Optimistic time ( months ) , , 2 4 ] , [ Plan definition, 3 , , ] ,
tableA: Concept development,Optimistic time monthsPlan definition,B Define project scope,,C Develop broad schedule,tableD Detalled cost estimates,tableE Develop staffing plan,tableDesign and construction,F Detailed engineering,,,G Facility construction,tableH Mobilization of employees,tableI Procurement of equipment,tableStartup and Turnover,J Prestartup inspection,,,K Recruiting and training,tableL Solving startup problems,tableM Centerlining,table
Questions
Draw a network diagram for this project. Identify all paths through the network diagram.
Simulate the completion of this project times, assuming that activity times follow a BetaPERT distribution. Estimate the mean and standard deviation of the project completion time.
Develop a histogram to summarize the results of your simulation.
Calculate the probability that the project can be completed within months. What is the probability that the project will take longer than months? What is the probability that the project will take between and months?
What path has the longest expected time? What is the probability that this path will be the critical path?
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