36. A construction company is preparing a PERT network for laying the foundation of a new art...
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36. A construction company is preparing a PERT network for laying the foundation of a new art museum.
Given the following set of activities, their predecessor requirements and three time estimates of completion time:
(i) Draw the PERT network.
(ii) Compute the slack for each activity and determine the critical path.
(iii) The contract specified a Rs 5,000 penalty for each week the completion of the project extends beyond 37 weeks. What is the probability that this company will have to pay a maximum penalty of Rs 15,000? (CA, May, 1994)
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