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
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...
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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

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),
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