Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed 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

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

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

Recommended Textbook for

Operations Management Processes and Supply Chains

Authors: Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman

12th edition

134741064, 9780273766834, 027376683X, 9780273766940, 273766945, 9780273766841, 273766848, 978-0134741062

More Books

Students also viewed these General Management questions

Question

Describe the site, major events, and outcomes of glycolysis.

Answered: 1 week ago