The dean of the business school wants to start offering this program starting 32 weeks from now.
Question:
The dean of the business school wants to start offering this program starting 32 weeks from now. Using the information provided in Problem 15,
(a) Calculate the probability of the program starting on time.
(b) If the dean needs a 95 percent probability of being done on time, how long can the expected project durationbe?
Transcribed Image Text:
Normal Crash Immediate Time Normal Time Crash Activity Predecessor(s) (weeks) C (weeks) Cost 10 $16,000 8 $20,000 9,000 6 12,000 324,000 5 10,000 14 28,000 234,000 4,500 3 9,000 5,000 4 18,000 7,000 2 7,000 4 1,000 24,000 024,000 none 6,000 3 7,000 4,500 3 5,000 none C, D, E 15,000 H, I 10,000 10 TABLE Optimistic Most Pessimistic Time Likely Time Time Immediate Estimates Estimates Estimates (weeks) (weeks) Activity Description of Activity Predecessor(s) (weeks) Design general curriculum requirements Develop program brochure none 16 C Identify prospective students none Develop advertising campaign Design specific curriculum content Send brochure and student application Evaluate applications B. C 10 E 16 20 H Accept students, notify students I Schedule rooms for classes J Designate professors to teach courses Select texts for courses L Order and receive texts 17
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