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Project Management with Uncertainty A small project consists of activities: A, B, C, D, and E. In order to start activity E, all other activities (A, B, C, and D) need to be completed. The duration of activity A will be 1 day with probability 50% or 9 days with probability 50%. Activities B, C, and D have the same random duration distribution as activity A. Assume durations of activities A, B, C, and D are independent from each other. Activity E takes 1 day. What is the expected completion time of the project?

Project Management with Uncertainty A small project consists of activities: A, B, C, D, and E. In order to start activity E, all other activities (A, B, C, and D) need to be completed. The duration of activity A will be 1 day with probability 50% or 9 days with probability 50%. Activities B, C, and D have the same random duration distribution as activity A. Assume durations of activities A, B, C, and D are independent from each other. Activity E takes 1 day. What is the expected completion time of the project?

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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Project Management with Uncertainty A small project consists of activities: A, B, C, D, and E. In order to start activity E, all other activities (A, B, C, and D) need to be completed. The duration of activity A will be 1 day with probability 50% or 9 days with probability 50%. Activities B, C, and D have the same random duration distribution as activity A. Assume durations of activities A, B, C, and D are independent from each other. Activity E takes 1 day. What is the expected completion time of the project?
Transcribed Image Text:Project Management with Uncertainty A small project consists of activities: A, B, C, D, and E. In order to start activity E, all other activities (A, B, C, and D) need to be completed. The duration of activity A will be 1 day with probability 50% or 9 days with probability 50%. Activities B, C, and D have the same random duration distribution as activity A. Assume durations of activities A, B, C, and D are independent from each other. Activity E takes 1 day. What is the expected completion time of the project?
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