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
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...
icon
Related questions
Question

Need all.......

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?
Expert Solution
steps

Step by step

Solved in 6 steps with 18 images

Blurred answer
Similar questions
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.