Question: The following table represents a plan for a project: PREDECESSOR JOB(S) TIMES (DAYS) JOB NO. a m b 1 1 3 8 2 1 1

The following table represents a plan for a project:

PREDECESSOR JOB(S) TIMES (DAYS)
JOB NO. a m b
1 1 3 8
2 1 1 2 9
3 1 1 4 7
4 1 1 2 6
5 2 2 4 6
6 3 3 5 7
7 4 3 6 12
8 5,6 2 3 4
9 8 1 4 7
10 7 3 4 5
11 9,10 5 6 7

a. Indicate the critical path.

  • 1-4-7-10-11

  • 1-2-5-8

  • 1-2-5-8-9-11

  • 1-3-6-8-9-11

b. What is the expected completion time for the project? (Round your answer to 2 decimal places.)

Expected completion time days

c. You can accomplish any one of the following at an additional cost of $2,000 and if you will save $1,500 for each day that the earliest completion time is reduced, which action, if any, would you choose?

1. Reduce job 5 by two days.

  • No

  • Yes

2. Reduce job 3 by three days.

  • No

  • Yes

3. Reduce job 6 by two days.

  • No

  • Yes

d. 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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