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Project management exam solution Your company (Company A) has made an initial agreement to help another company (Company B) to conduct a market research to
Project management exam solution
Your company (Company A) has made an initial agreement to help another company (Company B) to conduct a market research to better understand its customers. You have been selected to serve as the project manager, and created a Work Breakdown Structure and duration estimates for the activities involved in the market research. Construct a network activity diagram based on the following information: A. Conduct both a forward and backward pass using AON notation. What is the estimated total duration for the project? B. Identify the critical path? C. Which activities have slack time, and how much the slack is for every activity? D. Given the activity variances, what is the likelihood of the project finishing on day 33 ? E. Suppose you wanted to have a 99% confidence in the project finishing on time. How many additional days would your project team need to negotiate for in order to gain this 99% likelihood? Your company (Company A) has made an initial agreement to help another company (Company B) to conduct a market research to better understand its customers. You have been selected to serve as the project manager, and created a Work Breakdown Structure and duration estimates for the activities involved in the market research. Construct a network activity diagram based on the following information: A. Conduct both a forward and backward pass using AON notation. What is the estimated total duration for the project? B. Identify the critical path? C. Which activities have slack time, and how much the slack is for every activity? D. Given the activity variances, what is the likelihood of the project finishing on day 33 ? E. Suppose you wanted to have a 99% confidence in the project finishing on time. How many additional days would your project team need to negotiate for in order to gain this 99% likelihood Step by Step Solution
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