Time, Please CASE B. "Smitty" Smith is a project manager for a large consumer elec Expected Standard tronics corporation. Although she has been with the company only Path Duration (weeks) Deviation four years, she has demonstrated an uncanny ability to bring proj- 10 ects in on time, moet technical specifications, and be close to bud B 14 get Her latest assignment is a project that will involve merging two 13 existing technologies. She and her team have almost finished devel- oping the proposal that will be presented to a management com- What project durations in weeks) should Smitty include in the mittee for approval. All that remains to be done is to develop a time proposal for these risks of not delivering the project on time: estimate for the project. The team has to construct a network dia- 5 percent, 10 percent, 15 percent? What are the pros and cons of gram for the project. It has three paths. The expected durations and quoting project times aggressively? Conservatively? standard deviations for the paths are listed in the following table. mance and that something good would open up in the company for him soon. In the meantime, there was a staff assignment available for him. Carl had seen enough project managers in the aerospace industry who had figuratively rotted on staff assignments when their projects were completed to be somewhat wary. Time, Please B. "Smitty" Smith is a project manager for a large consumer elec tronics corporation. Although she has been with the company only four years, she has demonstrated an uncanny ability to bring proj- ects in on time, meet technical specifications, and be close to bud- get. Her latest assignment is a project that will involve merging two existing technologies. She and her team have almost finished devel- oping the proposal that will be presented to a management com- mittee for approval. All that remains to be done is to develop a time estimate for the project. The team has to construct a network dia- gram for the project. It has three paths. The expected durations and standard deviations for the paths are listed in the following table. CASE Expected Duration (weeks) 10 Standard Deviation Path A B C 2 2 13 What project durations (in weeks) should Smitty include in the proposal for these risks of not delivering the project on time: 5 percent, 10 percent, 15 percent? What are the pros and cons of quoting project times aggressively? Conservatively