Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Pik-Fast, a chain of convenience stores, is planning to open a new store. The activities required, their immediate predecessors, and the optimistic, most likely, and

Pik-Fast, a chain of convenience stores, is planning to open a new store. The activities required, their immediate predecessors, and the optimistic, most likely, and pessimistic estimates of their times (in days) are provided below.

Activity Description Immediate Predecessors Optimistic Time (days) Most Likely Time (days) Pessimistic Time (days) TE ES EF LF LS Slack Standard Dev Variance
A Select manager -- 10 12 20 13 0 1.67
B Select site -- 8 15 22 15 0 2.33
C Hire workers A 17 21 31 22 0 2.33
D Basic training C 3 4 5 4 0 0.33
E Secure permits B 12 18 30 19 0 3.00
F Construct building E 26 30 40 31 0 2.33
G Purchase equipment -- 30 45 60 45 0 5.00
H Install equipment F,G 4 6 8 6 0 0.67
I Advertise opening B 15 55 89 54 0 12.33
J Final training D,H 2 3 4 3 0 0.33
K Stock store H,I 4 6 8 6 0 0.67
L Open store J,K 1 1 1 1 0 0.00

Showing formulas

b) Identify the critical path and projected project completion time using the expected completion times.

c) Calculate the expected slack times for any two paths not including the critical path. For the path slack time, compute this compared to the critical path and that also considers the slack time for each activity on that path.

d) Find the probability that the critical path will be completed within 80 working days.

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

Students also viewed these Accounting questions

Question

What is one of the skills required for independent learning?Explain

Answered: 1 week ago