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QUESTION 01: Using the information from the following table (duration in Days) a) Assume the organization you work for computes TE based on the standard
QUESTION 01: Using the information from the following table (duration in Days) a) Assume the organization you work for computes TE based on the standard beta distribution formula, calculate the expected activity times (round to nearest integer). Show your calculations b) Using the AON technique, construct the network based on TE values, and calculate the activities total floats and free floats, ES, EF, LS and LF. Make sure you fully label all nodes in the network. c) Identify the critical path. What is the total project duration? d) Given the activity variances, what is the likelihood of the project finishing on day 82 ? Show your calculations e) Suppose you wanted to have a 95% confidence in the project finishing on time. How many additional days would your project team need to negotiate for in_order.to gain this 95% likelihood? Show your calculations
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