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Davison Construction Company is building a luxury lakefront home in the Finger Lakes region of New York. Coordination of the architect and subcontractors will require a major effort to meet the 42-week completion date requested by the owner. The Davison project manager prepared the following project network. H. Start A. Finish D Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows. Activity Optimistic Most Probable Pessimistic A 4 8. 12 В 7 8. 12 18 7 18 8. 17 10 15 20 H. 13 (a) Find the critical path. (Enter your answers as a comma-separated list.) (b) What is the expected project completion time (in weeks)? weeks Based only on the critical path, what is the estimated probability the project can be completed in 42 weeks as requested by the (c) owner? (You may need to use the appropriate technology to answer this question. Round your answer to four decimal places.) 3.

Davison Construction Company is building a luxury lakefront home in the Finger Lakes region of New York. Coordination of the architect and subcontractors will require a major effort to meet the 42-week completion date requested by the owner. The Davison project manager prepared the following project network. H. Start A. Finish D Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows. Activity Optimistic Most Probable Pessimistic A 4 8. 12 В 7 8. 12 18 7 18 8. 17 10 15 20 H. 13 (a) Find the critical path. (Enter your answers as a comma-separated list.) (b) What is the expected project completion time (in weeks)? weeks Based only on the critical path, what is the estimated probability the project can be completed in 42 weeks as requested by the (c) owner? (You may need to use the appropriate technology to answer this question. Round your answer to four decimal places.) 3.

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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Davison Construction Company is building a luxury lakefront home in the Finger Lakes region of New York. Coordination of the architect and subcontractors will require a major effort to meet the 42-week completion date requested by the owner. The Davison project manager prepared the following project network. H Start A Finish E Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows. Activity Optimistic Most Probable Pessimistic A 4. 8 12 В 6. 8 12 18 D 3 5 7 18 8 17 G 10 15 20 H 5 13 (a) Find the critical path. (Enter your answers as a comma-separated list.) (b) What is the expected project completion time (in weeks)? weeks (c) Based only on the critical path, what is the estimated probability the project can be completed in 42 weeks as requested by the owner? (You may need to use the appropriate technology to answer this question. Round your answer to four decimal places.) (d) Based only on the critical path, what is the estimated probability the building project could run more than 3 months late? Use 55 weeks for this calculation. (You may need to use the appropriate technology to answer this question. Round your answer to four decimal places.) (e) What should the construction company tell the owner? (Enter your free-form answer using as many characters as necessary.)
Transcribed Image Text:Davison Construction Company is building a luxury lakefront home in the Finger Lakes region of New York. Coordination of the architect and subcontractors will require a major effort to meet the 42-week completion date requested by the owner. The Davison project manager prepared the following project network. H Start A Finish E Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows. Activity Optimistic Most Probable Pessimistic A 4. 8 12 В 6. 8 12 18 D 3 5 7 18 8 17 G 10 15 20 H 5 13 (a) Find the critical path. (Enter your answers as a comma-separated list.) (b) What is the expected project completion time (in weeks)? weeks (c) Based only on the critical path, what is the estimated probability the project can be completed in 42 weeks as requested by the owner? (You may need to use the appropriate technology to answer this question. Round your answer to four decimal places.) (d) Based only on the critical path, what is the estimated probability the building project could run more than 3 months late? Use 55 weeks for this calculation. (You may need to use the appropriate technology to answer this question. Round your answer to four decimal places.) (e) What should the construction company tell the owner? (Enter your free-form answer using as many characters as necessary.)
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