1. What is the time length of the critical path? What is the significance of the critical path?
2. Compute the amount of time that the completion of each activity can be delayed without affecting the overall project.
3. The project was begun August 1. what is the probability that the project can be completed by September 30? (Note: Scheduled completion time = 60 days.)
Summary:George and Harry Haygood are building contractors who specialize in the construction of private home dwellings, storage warehouses, and small businesses.
Haygood brothers submit competitive bids for the construction of proposed dwellings. Whenever their bids are accepted, various aspects of the construction are subcontracted.
Delays in construction increase the costs of interim financing and postpone the initiation of their building projects. Consequently, they deal with all bottlenecks promptly and avoid all delays whenever possible. To minimize the time consumed in a construction project, the Haygood brothers use PERT.