Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

image text in transcribed

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.H

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

How To Do Energy Audit Of Your Home The Complete WorkBook For Young Mind

Authors: Pranab Nath

1st Edition

B0C2S47K82, 979-8391164623

More Books

Students also viewed these Accounting questions

Question

=+ If they arent, what is the means for resolving the conflict?

Answered: 1 week ago

Question

Group Size and Communication

Answered: 1 week ago

Question

Understanding Group Roles

Answered: 1 week ago