Calculating the expected time and variance for all of these activities. -Drawing the full network with the Activity on Node Style.  -Calculate what the Criticial Path is using CPM method.  -Activity variance for the critical path and the standard deviation  -Finding the probability of completing of the project before 41 weeks using the Simple Way

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

I need help with the following: 

-Calculating the expected time and variance for all of these activities.

-Drawing the full network with the Activity on Node Style. 

-Calculate what the Criticial Path is using CPM method. 

-Activity variance for the critical path and the standard deviation 

-Finding the probability of completing of the project before 41 weeks using the Simple Way

### Project Schedule Estimation Table

This table provides time estimates for various project activities, classified under three categories: optimistic, most likely, and pessimistic scenarios. The table helps in planning and managing timelines effectively.

#### Table Components

- **Activity**: The identifier for each task within the project.
- **Immediate Predecessor(s)**: Activities that must be completed before the current activity can start.
- **Time Estimates (in Weeks)**:
  - **Optimistic**: The shortest estimated completion time if everything proceeds better than expected.
  - **Most Likely**: The most probable estimated time under normal circumstances.
  - **Pessimistic**: The longest estimated time considering possible delays.

#### Activities Breakdown

- **Activity A**
  - No immediate predecessors
  - Time Estimates: Optimistic (4), Most Likely (8), Pessimistic (10)

- **Activity B**
  - Predecessor: A
  - Time Estimates: Optimistic (2), Most Likely (8), Pessimistic (24)

- **Activity C**
  - Predecessor: A
  - Time Estimates: Optimistic (8), Most Likely (12), Pessimistic (16)

- **Activity D**
  - Predecessor: A
  - Time Estimates: Optimistic (4), Most Likely (6), Pessimistic (10)

- **Activity E**
  - Predecessor: B
  - Time Estimates: Optimistic (1), Most Likely (2), Pessimistic (3)

- **Activity F**
  - Predecessors: E, C
  - Time Estimates: Optimistic (6), Most Likely (8), Pessimistic (20)

- **Activity G**
  - Predecessors: E, C
  - Time Estimates: Optimistic (2), Most Likely (3), Pessimistic (4)

- **Activity H**
  - Predecessor: F
  - Time Estimates: Optimistic (2), Most Likely (2), Pessimistic (2)

- **Activity I**
  - Predecessor: F
  - Time Estimates: Optimistic (6), Most Likely (6), Pessimistic (6)

- **Activity J**
  - Predecessors: D, G, H
  - Time Estimates: Optimistic (4),
Transcribed Image Text:### Project Schedule Estimation Table This table provides time estimates for various project activities, classified under three categories: optimistic, most likely, and pessimistic scenarios. The table helps in planning and managing timelines effectively. #### Table Components - **Activity**: The identifier for each task within the project. - **Immediate Predecessor(s)**: Activities that must be completed before the current activity can start. - **Time Estimates (in Weeks)**: - **Optimistic**: The shortest estimated completion time if everything proceeds better than expected. - **Most Likely**: The most probable estimated time under normal circumstances. - **Pessimistic**: The longest estimated time considering possible delays. #### Activities Breakdown - **Activity A** - No immediate predecessors - Time Estimates: Optimistic (4), Most Likely (8), Pessimistic (10) - **Activity B** - Predecessor: A - Time Estimates: Optimistic (2), Most Likely (8), Pessimistic (24) - **Activity C** - Predecessor: A - Time Estimates: Optimistic (8), Most Likely (12), Pessimistic (16) - **Activity D** - Predecessor: A - Time Estimates: Optimistic (4), Most Likely (6), Pessimistic (10) - **Activity E** - Predecessor: B - Time Estimates: Optimistic (1), Most Likely (2), Pessimistic (3) - **Activity F** - Predecessors: E, C - Time Estimates: Optimistic (6), Most Likely (8), Pessimistic (20) - **Activity G** - Predecessors: E, C - Time Estimates: Optimistic (2), Most Likely (3), Pessimistic (4) - **Activity H** - Predecessor: F - Time Estimates: Optimistic (2), Most Likely (2), Pessimistic (2) - **Activity I** - Predecessor: F - Time Estimates: Optimistic (6), Most Likely (6), Pessimistic (6) - **Activity J** - Predecessors: D, G, H - Time Estimates: Optimistic (4),
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 2 images

Blurred answer
Similar questions
  • SEE MORE 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.