Question: What is the project's duration with regular CPM calculation ( using most likely durations ) ? Considering only the critical path, what is the probability

What is the project's duration with regular CPM calculation (using
most likely durations)?
Considering only the critical path, what is the probability to finish
the project at least 2 days earlier than project's duration in the last
question?
Considering all
three paths, what is the duration of the project with at least 99%
confidence?
The project direct cost is a fixed amount of $100,000,
However the indirect cost of the project is $250 per day. If
the total budget for this project is $115,000, answer the
following question.
What is the confidence level (probability) that you can finish the
project under or on budget (not going over budget)?
 What is the project's duration with regular CPM calculation (using most

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!