Question: The following table represents a plan for a project: JOB NO PREDECESSOR TIMES (DAYS) JOB(S) m b 2 4 9 2 2 11 2 4

The following table represents a plan for a project: JOB NO PREDECESSOR TIMES (DAYS) JOB(S) m b 2 4 9 2 2 11 2 4 6 7 8 2 3 4 3 2 6 4 2 10 3 5 10 5,6 1 3 5 8 1 2 12 7 3 4 5 9,10 1 5 6 8 9 10 11 b. Indicate the critical path. 1-2-5-8 1-2-5-8-9-11 1-4-7-10-11 1-3-6-8-9-11 c. What is the expected completion time for the project? (Round your answer to 2 decimal places.) Expected completion time days d. You can accomplish any one of the following at an additional cost of $1,500 and if you will save $1,000 for each day that the earliest completion time is reduced, which action, if any, would you choose? 1. Reduce job 5 by two days. Yes No 2. Reduce job 6 by two days. No Yes 3. Reduce job 7 by four days. No Yes e. What is the probability that the project will take more than 29 days to complete? (Round your answer to 2 decimal places.) Probability
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