Use the following information to determine the probability of this project finishing within 34 weeks of its
Question:
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a. Calculate the expected durations for each activity.
b. Calculate individual task variances and overall project variance.
c. The company must file a permit request with the local government within a narrow time frame after the project is expected to be completed. What is the likelihood that the project will be finished by week 34?
d. If we wanted to be 99% confident of on-time delivery of the project, how much additional time would we need to add to the project€™s expected delivery time?
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a Activity Optimistic Likely Pessimistic Expected Time Variance s 2 16b a 2 A 1 4 8 417 8 16 2 136 B ...View the full answer
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Related Book For 
Project Management Achieving Competitive Advantage
ISBN: 978-0133798074
4th edition
Authors: Jeffrey K. Pinto
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