Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Search (you may use google search) for a real-life project (e.g. house construction, setting up a business, ...). For this project, come up with a

Search (you may use google search) for a real-life project (e.g. house construction, setting up a business, ...). For this project, come up with a list of activities to be accomplished. For each of the activities identify the predecessors and set the time to accomplish each activity. [In case time is not known for sure; set the optimistic, most likely, and pessimistic time to accomplish each activity]. NOTE: YOU MUST APPLY PERT TECHNIQUE.

Once you have these pieces of information, compile a report providing your analysis including the following: (5 Points, 1 point each)

  1. A project network of your project.

  2. The Earliest starting (ES), Earliest finishing (EF), Latest starting (LS), and Latest finishing (LF) time of each project activity, explaining the purpose of identifying this information (Hint: Allowing vacation time for workers).

  3. Identify the critical path and the critical activities of your project.

  4. Estimate the expected time to complete your project.

  5. Estimation of the probability that your project will be completed within 1 Month (4 Weeks or 30 days)?

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

Fundamentals Of Financial Planning

Authors: Michael A Dalton, Joseph Gillice

3rd Edition

1936602091, 9781936602094

More Books

Students also viewed these Finance questions

Question

Distinguish between sequential processing and parallel processing.

Answered: 1 week ago