Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following table represents a plan for a project: TIMES (DAYS) PREDECESSOR JOB N0. 303(5) 0 m b 1 2 3 4 2 1 1
The following table represents a plan for a project: TIMES (DAYS) PREDECESSOR JOB N0. 303(5) 0 m b 1 2 3 4 2 1 1 2 3 3 1 4 5 12 4 1 3 4 11 5 2 1 3 5 6 3 1 2 3 7 4 1 8 9 a 5, 6 2 4 6 9 a 2 4 12 1e 7 3 4 5 11 91 1e 5 7 a b. Indicate the critical path. 0 1471011 O 1368911 O 1258911 c. What is the expected completion time for the project? (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. You can accomplish any one of the following at an additional cost of $1,500. If you will save $1,000 for each day that the earliest completion time is reduced, which ofthe following actions should be taken, if any? 1. Reducejob 5 by two days. 0 Yes 0 No 2. Reduce job 3 by two days. 0 Yes 0 No 3. Reduce job 7 by two days. 0 Yes 0 No e. What is the probability that the project will take more than 30 days to complete? {Use Excel's NORMSDISTU function to nd the correct probability for your computed Z-value. Other than the expected completion time you entered in part c above, do not round intermediate calculations. Round "2" value to 2 decimal places your nal answer to 4 decimal places.) _:|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started