Question
After some 50 years in the present location, a healthcare clinic is building a satellite outpatient centers to increase its market share. After consultation with
After some 50 years in the present location, a healthcare clinic is building a satellite outpatient centers to increase its market share. After consultation with the general contractor and internal agencies, the activities have been identified for the clinic. For each activity, different time estimates in weeks as well as their precedence are identified. The compressed time, normal costs and compression costs are also provided below.
a) Calculate the mean duration for each activity. b) Calculate variance for each activity time. c) Identify the mean and standard deviation for each path. d) Calculate project completion probability for 29, 32, and 35 weeks. e) Calculate the total project costs.
Activity Name Optimistic Most likely Pessimistic Compresed Normal Compress Cost ion Cost s 1,000 $ 2,000 $ 2,000 3,000 $ 2,500$ 4,000 3,000 4,000 $ 1,0002,000 6,000 2,000 4,500 3,000 $ 3,500 $ 2,000 5,000 A Lease Space B Hire Director Description Predecessor time (o) time (m) time (p) time 12 14 10 14 16 12 20 18 15 12 Procure Equipment A.B D Renovate E Install Equipment CD F Hire Clinical Staf G Staff Training H Marketing 2,000 6 10 15 Final Inspection E,G.H Activity Name Optimistic Most likely Pessimistic Compresed Normal Compress Cost ion Cost s 1,000 $ 2,000 $ 2,000 3,000 $ 2,500$ 4,000 3,000 4,000 $ 1,0002,000 6,000 2,000 4,500 3,000 $ 3,500 $ 2,000 5,000 A Lease Space B Hire Director Description Predecessor time (o) time (m) time (p) time 12 14 10 14 16 12 20 18 15 12 Procure Equipment A.B D Renovate E Install Equipment CD F Hire Clinical Staf G Staff Training H Marketing 2,000 6 10 15 Final Inspection E,G.HStep by Step Solution
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