Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Find the project's completion time and list the critical path(s) of the project under the CPM method? 2. Find the project's expected completion time

image text in transcribed
1. Find the project's completion time and list the critical path(s) of the project under the CPM method? 2. Find the project's expected completion time (one decimal point) and list the critical path(s) and their variances (four decimal points )under the PERT method? 3. Using the findings in question 2, find the probability of finishing the project within 25 weeks and its costs? (three decimal points) 4. The investors wish to have a certainty of 90% to complete the project within the expected time found in question 2. By how much should the project time be shortened (one decimal point)? What are the new critical paths and what will the optimal project cost be? 5. What is the shortest possible completion time (one decimal point) and at what cost? At this completion time, what would the probability of finishing the project within the time in question 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction to the Mathematics of financial Derivatives

Authors: Salih N. Neftci

2nd Edition

978-0125153928, 9780080478647, 125153929, 978-0123846822

More Books

Students also viewed these Mathematics questions