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What is the probability that the critical path can be completed in 37 weeks? - (Alex) Using Excel Function NORMDIST NORMDIST (37, 40, 9,
What is the probability that the critical path can be completed in 37 weeks? - (Alex) Using Excel Function NORMDIST NORMDIST (37, 40, 9, 1) Probability 6%. The probability is approximately 6% for the project to be completed in 37 weeks, which is the same foreach task because it is the cumulative probability abng the critical path. 2. What is the minimum expected time in which this project can be completed? - (Ashmit Task Expected Time in Weeks Crash Time Exhibit 2 Normal Cost Crash Cost Max Crash Weeks 3 10,000 10,000 0 B 7 9 20,000 25,000 1 C 6.33 5 15,000 30,000 133 D 8.33 10 45.000 65,000 233 E 8.83 8 10.000 20,000 083 F 5 4 15,000 18.000 1 G 6.17 4 20,000 30,000 2.17 H 4.17 3 10,000 15,000 1.17 2 2 5,000 5,000 0 J 5.50 5 40,000 50,000 050 K 3 2 15,000 25,000 1 Calculation: Subtract the total reductions from the critical path duration: 40-(0+133+233 +083+1+050+1) Result: This yields the minimum expected time for the project. 40-6.99 33 Weeks. Total 6.99 Weeks Factoring in these potential reductions, we anticipate the project to take approximate by 33 weeks to complete.
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