Lp (i) Draw the project network and calculate the project length. (ii) Calculate the standard deviation and variance along the critical path. (iii) Find the probability of completing the project one day earlier and 2 days later.
Lp (i) Draw the project network and calculate the project length. (ii) Calculate the standard deviation and variance along the critical path. (iii) Find the probability of completing the project one day earlier and 2 days later.
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...
Related questions
Question

Transcribed Image Text:2. The time estimates (in weeks) for the activities of a PERT network are given
below.
(i)
(ii)
1-2 1-3 1-4 2-5 3-5 4-6 5-6
18 9 10
8
16
7
Activity
to
24 16 3
tm
7
9
20 14
2
tp
9
20
11 11
28 18
4
Draw the project network and calculate the project length.
Calculate the standard deviation and variance along the critical path.
(iii) Find the probability of completing the project one day earlier and 2 days
later.
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Step 1: Introduce Critical path:
VIEWStep 2: Calculate the project length and draw network diagram
VIEWStep 3: Calculate the standard deviation and variance of the critical path:
VIEWStep 4: Calculate the probability of completing the project 1 day earlier:
VIEWStep 5: Calculate the probability of completing the project 2 days later:
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