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

The following table represents a plan for a project:
TIMES (DAYS)
JOB NO. PREDECESSOR
JOB(S) a m b
1234
21123
314512
413411
52135
63123
74189
85,6246
982412
107345
119,10578
b. Indicate the critical path. multiple choice 1
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? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
d. You can accomplish any one of the following at an additional cost of $1,500. If you will save $1,000 for each day that the earliest completion time is reduced, which of the following actions should be taken, if any?
1. Reduce job 5 by two days.
multiple choice 2
Yes
No
2. Reduce job 3 by two days.
multiple choice 3
Yes
No
3. Reduce job 7 by two days.
multiple choice 4
Yes
No
e. What is the probability that the project will take more than 30 days to complete? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Other than the expected completion time you entered in part c above, do not round intermediate calculations. Round "z" value to 2 decima

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!