PERT-CPMYu and Mi Company is planning to computerize its accounting system. Its IT consultant has determined thefollowing activities required to complete this project together with the time estimates and precedencerelationships.Time estimates (weeks)Optimistic Most Likely Pessimistic5Activity DescriptionPredecessorRecruit project personnelSystem developmentSystem trainingEquipment trainingManual system testPrel. System changeoverComputer-personnel interfaceEquipment redesignEquipment testingJA81217B315CA4710DA823В. СВ. СD, ED, EEF11114133H12.57IH111System debugging and installationEquipment changeoverF, GG, IK58.11a. Determine the expected project completion time and the variance.b. What is the project's critical path?c. Determine the probability that the project will be completed in 40 weeks or less.

The critical path is a method to find the shortest duration by which a project can be completed with…

Answered: a. Determine the expected project…

Practical Management Science

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Which of the following statements regarding PERT analysis is TRUE? Select one: O a Project variance is the sum of all activity variances. O b. Project standard deviation is the sum of all critical activity standard deviations. O c. Each activity has two estimates of its duration. O d. Only critical activities contribute to the project variance
I'm unable to answer the following question? What is the total cost of crashing the project from its current duration down to 13 weeks?
(a) Draw a project network. (b) Determine the expected time and variance for each activity. (c) Determine earliest start time (ES), earliest finish time (EF), latest start time (LS), finish time (LF) and slack of each activity. (d) Find the critical path and the project completion time. (e) What is the probability that the project will be completed in 65 weeks?
A) What is the variance activity B? 2 decimal places B) What is the variance of activity F? 2 decimal places C) what is the probability the project can be completed? 4 decimals places only D) what is the probability the project will be 3 weeks late from the expected completion time ? 4 decimal places only.
of the work themselves. 3. Exercise Figure 5.1 is a project WBS with cost apportioned by percentages. If the total project cost is estimated to be $600,000, what are the estimated costs for the following deliverables? a. Design
Consider the office renovation project data in Table 7.16. A“zero” time estimate means that the activity could take a verysmall amount of time and should be treated as a numericzero in the analysis.a. Based on the critical path, find the probability ofcompleting the office renovation project by 39 days.b. Find the date by which you would be 90 percent sure ofcompleting the project.
Project selection criteria are typically classified as _? Select one: a. Short-term and long-term b. Strategic and tactical c. Financial and non-financial O d. Required and optional
1. A project was planned using PERT with three-time estimates. The expected completion time of the project was determined to be 40 weeks. The variance of the critical path is 9. (b) What is the probability that the project takes longer than 40 weeks?
The following estimates of activity times (in days) are available for a small project: Activity Optimistic Most Probable Pessimistic A 4 5.0 6 B 8 9.0 10 C 7 7.5 11 D 7 9.0 10 E 6 7.0 9 F 5 6.0 7 Compute the expected activity completion times and the variance for each activity. An analyst determined that the critical path consists of activities B-D-F. Compute the expected project completion time and the variance of this path.
A project is scheduled to complete in six months duration. There are two activities in the project. The actual cost of Activity 1 is SAR 300,000 and that of Activity 2 is SAR 200,000. The planned value of these activities is SAR 280,000 and 150,000 respectively. On reviewing, the current project status is Activity 1 is 100% completed and Activity 2 is only 75% completed. (i) Perform the earned value calculations of the above project scenario and fill the given table. (ii) What do you infer about the project schedule and cost based on your calculations? Earned Value Planned Value Actual Cost Cost Variance Activity Scheduled Variance Cost performance Index Schedule performance Index Month 1
29 A project being analyzed by PERT has 60 activities, 13 of which are on the critical path. If the estimated time along the critical path is 214 days with a project variance of 100, what is the probability that the project will take 224 days or more to complete? Select one: a. 0.1587 b. 2.14 c. near zero d. 0.0126 e. 0.8413
4. Using a discounted rate of 12 percent, INITIAL COST NET CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 PROJECT A (BROILER) K100,000 (20,000) 10,000 40.000 40.000 150.000 PROJECT B (LAYERS) K100,000 33,000 33,000 33,000 33,000 33,000 a. Determine the net present value of project A and B b. Calculate the IRR on mutually exclusive investment of project A and B. C. Which project must the farm undertake and why?

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a. Determine the expected project completion time and the variance. b. What is the project's critical path? c. Determine the probability that the project will be completed in 40 weeks or less.