Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A supermarket chain is considering opening a supermarket in Montserrat. However, to receive funding from the development bank, the plan must be approved and construction

A supermarket chain is considering opening a supermarket in Montserrat. However, to receive funding from the development bank, the plan must be approved and construction ready to start within the next 26 weeks. One complicating factor is that the planning authorities must see an initial design of the store before it will approve the building permit. The architectural planning section of the chain has determined the following list of activities necessary to receive approval from the development bank. Included are the predecessor relationships and some estimates for the activity completion times (estimates are in weeks).

Immediate

ACTIVITY

DESCRIPTION

Predecessors

a

m

b

A

Survey building site

--

2

3

6

B

Prepare initial design

--

6

9

10

C

Receive Parish Council approval

A,B

2

2

5

D

Select design/engineering firm

C

5

6

8

E

Determine needed cash flow

C

3

4

6

F

Review final design

D

2

3

4

G

Obtain corporate financing

E,F

2

4

5

H

Receive contractor bids

D

6

7

11
I

Select contractor

H,G

2

4

4

  1. Draw the project network diagram.
  2. Calculate the expected duration and variance of all activities.
  3. Determine earliest start (ES), latest start (LS), earliest finish (EF) and latest finish times (LF) for each activity.
  4. Calculate the slacks and determine all critical paths and critical activities.
  5. What is the probability that the project will be completed within the 26-week time frame?

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_2

Step: 3

blur-text-image_3

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

Mathematical Statistics With Applications In R

Authors: Chris P. Tsokos, K.M. Ramachandran

2nd Edition

124171133, 978-0124171138

More Books

Students also viewed these Mathematics questions

Question

What are three principles of effective social service programs?

Answered: 1 week ago