2. In the CPM network, the critical path has six activities. Their durations are tabulated next. Activity Optimistic Most Likely A C Q S N K 3 4 5 3 7 4 5 8 7 5 10 5 Pessimistic 6 13 8 7 15 8 Compute the following: a. The probability that the project will finish by the end of day 36 b. The probability that the project will finish by the end of day 39 c. The probability that the project will finish before day 38 d. The probability that the project will finish on the 35th day e. The completion date with at least a 95% confidence level.

Q: What does the engineer use in a design situation?

A:

Q: Describe phase two contracts in design work?

A: The phase two contracts are used typically when there is an opportunity for the owner to start the…

Q: How can engineering managers guarantee that projects are finished on time and within budget?

A: Introduction: Processes for project management: Once the bidding process is complete, it's time to…

Q: Why is Constructability analysis essential in large Engineering Organizationsons?

A: Need of Constructability in big projects:

Q: What is the basic symbol of activity  in project planning??

A: There are generally 2 types of network diagram i.e. AOA(activity on arrow) and other is AON(activity…

Q: When do the conflicts in plans occur?

A: In project management several projects encounter common categories of conflict. It's the…

Q: What are the benefits of the workflow process?

A: - Workflow process is a types of process in which activities or tasks are executed and completed…

Q: Discuss the benefits of using Building Information Modelling in the design workflow.

A: Building Information Modelling (BIM) is a digital representation of physical and functional…

Q: Every step of the design process, from brainstorming to implementation, has to be communicated…

A: Here the question asked is what makes a process good and bad in the process of design from…

Q: What are domain-specific languages (DSLs), and how can they streamline development in specific…

A: Domain-specific languages (DSLs) are specialized programming languages designed for specific…

Budget Estimating

The term budget signifies a plan over the long run, generally, a year that covers the financial expenses and revenues of any organization. This budget plan is known to estimate the growth and success of any organization. Civil engineering companies utilize project budgets for estimating project costs, construction costs, and other direct and indirect costs related to the project being undertaken. Project budget is a detailed statistical tool primarily used by project managers to estimate the overall project cost. The project budget is in the form of a document that includes all the costs which are incurred during the project undertaking and after the completion of the project. Large commercial projects have the project budget estimate in the form of large detailed pieces of documents which include every cost estimate regarding man and materials. Labor costs, material procurement costs, construction costs, and operational costs are some of the costs that are incurred during the project execution and planning phase.