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A project consists of seven activities and the time estimates of the activities are furnished as under: Activity 1-2 1-3 1-4 2-5 3-5 4-6 5-6 Required: Optimistic Days 4 3 لها - 4 5 8 64 4 2 Most likely Days 10 6 7 5 11 10 5 Pessimistic Days 16 9 16 5 32 16 8 i) Draw the network diagram. ii) Identify the critical path and its duration. iii) What is the probability that the project will be completed in 5 days earlier than the critical path duration? iv) What project duration will provide 95% confidence level of completion?

A project consists of seven activities and the time estimates of the activities are furnished as under: Activity 1-2 1-3 1-4 2-5 3-5 4-6 5-6 Required: Optimistic Days 4 3 لها - 4 5 8 64 4 2 Most likely Days 10 6 7 5 11 10 5 Pessimistic Days 16 9 16 5 32 16 8 i) Draw the network diagram. ii) Identify the critical path and its duration. iii) What is the probability that the project will be completed in 5 days earlier than the critical path duration? iv) What project duration will provide 95% confidence level of completion?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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QUESTION 4 A project consists of seven activities and the time estimates of the activities are furnished as under: Activity 1-2 1-3 2-5 3-5 4-6 5-6 Required: Optimistic Days 4 3 34 4 5 in co 8 4 2 Most likely Days 10 6 7 5105 11 10 5 Pessimistic Days 16 9 16 5 32 16 8 i) Draw the network diagram. ii) Identify the critical path and its duration. iii) What is the probability that the project will be completed in 5 days earlier than the critical path duration? iv) What project duration will provide 95% confidence level of completion?
Transcribed Image Text:QUESTION 4 A project consists of seven activities and the time estimates of the activities are furnished as under: Activity 1-2 1-3 2-5 3-5 4-6 5-6 Required: Optimistic Days 4 3 34 4 5 in co 8 4 2 Most likely Days 10 6 7 5105 11 10 5 Pessimistic Days 16 9 16 5 32 16 8 i) Draw the network diagram. ii) Identify the critical path and its duration. iii) What is the probability that the project will be completed in 5 days earlier than the critical path duration? iv) What project duration will provide 95% confidence level of completion?
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