Consider the following project that has uncertainty in activity duration. Activity 1 has a completion time of
Fantastic news! We've Found the answer you've been seeking!
Question:
Consider the following project that has uncertainty in activity duration. Activity 1 has a completion time of 7 or 10 days, each with a 50% probability. Activity 2 has a completion time of 9 or 13 days, each with a 50% probability. Both activities 1 and 2 can start immediately and must be completed before activity 3, which has a deterministic duration of 4 days.
Part A: What is the expected completion time for this project?
Part B: What is the best-case scenario completion for this project?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: