A- The expected duration. B- Total duration and the critical path. C- Probability Z, if you know that the Target duration (TD) is 30 weeks.
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- Answer all. What are the critical activities? What is the expected project duration? calculate the variance of the project What is the standard deviation (te) for the project? Suppose that management allotted 13-unit time for the project. What is the probability that we will meet the 13-unit time deadline? If management wants to have a 0.99 probability of meeting the time, what should be the scheduled project duration?A project has a critical path with an expected duration of 22 and variance of 14. What is the probability it will be completed within 20-25 weeks (inclusive)? (the range of the answers account for rounding errors) Group of answer choices Between 55% and 58% Between 17% and 20% Between 47% and 52% Between 64% and 67% Between 60% and 63%A project has the following tasks and duration estimates given. These three tasks are done in succession on a project. Task Optimistic Estimate Most Likely Estimate Pessimistic Estimate Alpha 30 days 40 days 50 days Beta 20 days 25 days 28 days Charlie 4 days 10 days 12 days Delta 25 days 30 days 50 days What is the expected duration for the project? (3 points) What is the variance for the project? (3 points) What is the standard deviation of the project? (3 points) What is the range of the duration of the project given 3 sigma? (3 points)
- A project consists of seven activities, lettered A through F below. For each activity, the estimated normal time in number of weeks, crash time, normal cost, crash cost, and its preceding activity are given. Normal Time Crash Time Normal Cost Crash Cost Immediate Activity (weeks) (weeks) (Peso) (Peso) Predecessor(s) A 4 3 2,000 2,600 B 1 2,200 2,800 3 500 500 D 8 4 2,300 2,600 A E 6 900 1,200 В F 3 3,000 4,200 G 4 1,400 2,000 D, E If you wish to reduce the time required to complete this project by one week, which activity should be crashed? O Activity C O Activity D O Activity E O Activity B O Activity AOnce the project starts, Cumulative Budgeted Cost (CBC) will periodically be compared to the: to-complete performance index forecasted costs at completion cumulative actual cost none of the above1. A project was planned using PERT with three-time estimates. The expected completion time of the project was determined to be 40 weeks. The variance of the critical path is 9. (e) The project manager wishes to set the due date for the completion of the project so that there is a 90% chance of finishing on schedule. Thus, there would only be a 10% chance the project would take longer than this due date. What should this due date be?
- A project consist of 5 activities A,B,C,D,E with ES, EF, LS and LF of A (0, 6, 9, 15); B (0, 7, 0, 7); C (6, 13, 15, 22); D (7, 13, 7, 13); E (13, 22, 13, 22). Normal Time (in month), Crash time (in month), Normal cost (in million Rp), Crash cost (in million Rp) from each activity are A (6, 4, 20, 24); B (7, 5, 30, 35); C (7, 6, 10, 13); D (6, 4, 20, 26); E (9, 8, 88, 90) a. What activities are in the critical path? How long is the project duration? b. If we want to crash the project for 2 months, what activities need to be crashed? How much additional cost required?If an activity has its optimistic, most likely and pessimistic times as 2, 4 and 9 respectively, then what is it's expected time and variance.(g) Using the IF function, write a formula in J38 to display "Yes" if the activity is critical and display "No" if the activity is not critical. Copy the formula to cells J39:J44.To calculate the entire project's variance, we simply add variance for activities on the critical path. Screenshot attached tahnks!!!
- Consider a project that has been modeled as in Table 1 Draw the PERT/CPM network for this project and determine the project’s expected completion time µP and its critical path. Suppose the standard deviations of the activity durations are σA = 2, σB = 1, σC = 0, σD = 2, σE = 3, and σF = 0. Then please estimate the standard deviation of the overall project’s standard deviation σP . Suppose for the standard Normal random variable Z, we know P[−1 ≤ Z ≤ +1] ' 68%, P[−2 ≤ Z ≤ +2] ' 95%, and P[−3 ≤ Z ≤ +3] ' 99.7%. Then, approximately what time T is one for which there is only a less than 2.5% chance for the completion time to beat (be shorter than)?Coleman Rich Control Devices, Inc., produces custom-built relay devices for auto makers. The most recent project undertaken by Rich requires 14 different activities. Rich's managers would like to determine the total project completion time (in days) and those activities that lie along the critical path. The appropriate data are shown in the following table: Activity A B с D E F G a) The expected completion time of the project = a 4 1 6 5 1 2 1 Time (days) m 6 2 6 8 9 3 7 b 7 3 6 11 18 6 8 Immediate Predecessor(s) A A B, C D D Activity a H 4 I 1 J 2 K 8 2 1 6 M N days (round your response to two decimal places). Time (days) = m 4 6 5 9 4 2 8 b 6 8 7 11 6 3 10 Immediate Predecessor(s) E, F G, H K L, M The activities that represent the project's critical path are b) If the time to complete the activities on the critical path is normally distributed, then the probability that the critical path will be finished in 53 days or less = decimal places). c) Using the standard normal table, the…A company is willing to develop their rocket before the end of current financial year which is now 28 weeks away. The chief engineer of the company has decided to use PERT technique in order to plan, schedule and control program of development for the data given in table below. What is the probability that the program will be completed by the end of the current financial year? (all durations are in weeks). (i) G) Optimum Duration Most likely duration Pesimistic duration 1 2 3 8 13 3 2 8 4 3 8 10 4 7 10 3 6. 3 8 4 9 10 4 8. 4 9. 5 7 9. 12 6. 5 11 7 9. 14 8 4. 00 2.