Question
You have been contracted to undertake a project for a firm. The project parameters are listed in the table below a) Draw the network diagram.
You have been contracted to undertake a project for a firm. The project parameters are listed in the table below
a) Draw the network diagram. What is the expected completion time (state it explicitly)? What is the variance of project completion time? b) The deadline is 23 weeks. What is the probability of completing it on time? What is the probability of the project missing the deadline? c) What is the probability of finishing in 18.5 weeks or less? d) As project manager, you will be paid a bonus if you finish the project in 21 weeks or less. What is the probability of achieving the bonus? e) What is the probability of finishing between 21 and 23 weeks? f) What is the timeline that would achieve a 50% probability of finishing? What is the timeline that would achieve an 80% probability of finishing?
\begin{tabular}{|c|c|c|c|c|} \hline \multirow{2}{*}{ Activity } & \multicolumn{4}{|c|}{ Time estimate weeks } \\ \cline { 2 - 5 } & Optimistic & Most Likely & Pessimistic & ImmediatePredecessors \\ \hline A & 2 & 4 & 6 & \\ \hline B & 2 & 6 & 7 & \\ \hline C & 4 & 5 & 6 & A,B \\ \hline D & 1 & 2 & 3 & B \\ \hline E & 3 & 5 & 7 & C \\ \hline F & 1 & 3 & 4 & C,D \\ \hline G & 2 & 4 & 6 & E,F \\ \hline \end{tabular}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