Activity Immediate Optimistic Pessimistic Estimated Variancetime (b)time (days) ((b-a)/6)predecessor time (a)activitiesTEA142016101814А, В153018B16121210GC, E410H, F14Calculate the estimated duration of finishing the project within 95%certainty?

Expected Duration=(a+4b+TE)/6 where, a = Optimistic time b = Pessimistic time TE = Expected time…

Answered: Activity Immediate Optimistic…

Activity Immediate Optimistic Pessimistic Estimated Variance time (b) time (days) ((b-a)/6)? predecessor time (a) activities TE 14 20 16 10 18 14 C А, В 15 30 18

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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Concept explainers

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.

Question

100%

Activity Immediate Optimistic Pessimistic Estimated Variance
time (b)
time (days) ((b-a)/6)
predecessor time (a)
activities
TE
A
14
20
16
10
18
14
А, В
15
30
18
B
16
12
12
10
G
C, E
4
10
H, F
14
Calculate the estimated duration of finishing the project within 95%
certainty?

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