Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Management decided to implement the project described in the following table: (50%) Optimistic Time Most Likely Time Pessimistic Time Activity Predecessor(s) weeks) weeks) (weeks)

image text in transcribed
image text in transcribed
2. Management decided to implement the project described in the following table: (50%) Optimistic Time Most Likely Time Pessimistic Time Activity Predecessor(s) weeks) weeks) (weeks) A A,B C NNNN B,D C,E E,F G a. Draw the project network. (5%) b. What is the expected completion time of the project? (10%) (i.e., must list all the possible paths and find the longest one as the expected completion path) c. If one path has the longest expected completion time, why is it not necessarily the critical path? (5%) d. What are the variances for each activity?(10%) e. Assuming that the path completion times are independent, what is the probability of completing the project in 19 weeks? (10%) f. Given the same assumption as in part (e), what is the probability of completing the project in 16 weeks? (10%)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

A Survey of Mathematics with Applications

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

10th edition

134112105, 134112342, 9780134112343, 9780134112268, 134112261, 978-0134112107

Students also viewed these General Management questions

Question

Why is rejecting ????0 a reliable decision?

Answered: 1 week ago

Question

Define Decision making

Answered: 1 week ago

Question

What are the major social responsibilities of business managers ?

Answered: 1 week ago

Question

What are the skills of management ?

Answered: 1 week ago