Calculate the expected time and variance for each activity. b. Calculate the activity slacks and determine the critical path, using the expected activity times. c. What is the probability of completing the project within 23 weeks?

Principles of Management
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Chapter17: Organizational Planning And Controlling
Section17.6: Employees' Responses To Planning
Problem 1CC: How is goal theory used in the planning process?
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An advertising project manager developed the network diagram shown in Figure 2.10 for a new advertising campaign. In addition, the manager gathered the time information for each activity, as shown in the accompanying table.

a. Calculate the expected time and variance for each activity.

b. Calculate the activity slacks and determine the critical path, using the expected activity times.

c. What is the probability of completing the project within 23 weeks?

 

Activity
A
B
C
D
E
F
G
TIME ESTIMATES (WEEKS)
Most Likely
4
6
3
13
6
8
5
Optimistic
1
2
3
6
3
6
1
Pessimistic
7
7
6
14
12
16
6
Immediate Predecessor(s)
B
A
A, C
B
E, F
Transcribed Image Text:Activity A B C D E F G TIME ESTIMATES (WEEKS) Most Likely 4 6 3 13 6 8 5 Optimistic 1 2 3 6 3 6 1 Pessimistic 7 7 6 14 12 16 6 Immediate Predecessor(s) B A A, C B E, F
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