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Based on the critical path, find the probability of completing the office renovation project by 39 days. b. Find the date by which you would be 90 percent sure of completing the project.

Based on the critical path, find the probability of completing the office renovation project by 39 days. b. Find the date by which you would be 90 percent sure of completing the project.

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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Consider the office renovation project data in Table 7.16. A
“zero” time estimate means that the activity could take a very
small amount of time and should be treated as a numeric
zero in the analysis.
a. Based on the critical path, find the probability of
completing the office renovation project by 39 days.
b. Find the date by which you would be 90 percent sure of
completing the project.

TABLE 7.16 | DATA FOR THE OFFICE RENOVATION PROJECT TIME ESTIMATES (DAYS) Activity Optimistic Most Likely Pessimistic Immediate Predecessor(s) START A 10 14 START В 1 A 16 20 30 A D 3 B E 2 3 4 F 7 10 13 G 1 2 3 H 4 G 2 C, G J 2 3 4 K 1 L. 1 2 3 J, K FINISH E, F, L
Transcribed Image Text:TABLE 7.16 | DATA FOR THE OFFICE RENOVATION PROJECT TIME ESTIMATES (DAYS) Activity Optimistic Most Likely Pessimistic Immediate Predecessor(s) START A 10 14 START В 1 A 16 20 30 A D 3 B E 2 3 4 F 7 10 13 G 1 2 3 H 4 G 2 C, G J 2 3 4 K 1 L. 1 2 3 J, K FINISH E, F, L
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