Question 13: A group of final year students would like to start up their business on the campus of the university they are currently studying. They have consulted several owners of on-going business on the campus and have obtained the following information: Activity Description A Prepare Company Profile Immediate Time Estimates Predecessor Optimistic (a) Most Likely (m) Pessimistic (b) 1 4 7 4 B Prepare Proposal Paper CDE Obtain Business License MOF registration A,B A,B Register with Companies Commission Malaysia C,D F Audited Report E G Obtain Tax Payment License H Obtain Business Premises License D E,F,G 1 Briefing H J Interview H K Roundtable Discussion H L Acquire Tender I,J,K M Complete Agreement of renting & Stamping M 22226332HI 1 1 1 1 3544 7552233m 8 006627733 14 N Proceed With Business L 7 14 5452 21 QUESTIONS: (a) Draw the project network. (b) Apply PERT/CPM and provide the information or table on the ES, EF, LS, LF and slack times for all the activities. What are the critical activities? (c) What is the expected completion time for the project? What is the probability of completing the project within this duration? (d) What is the probability of completing this project within 49 days? (e) In order to be 90% confident in meeting the deadline, how long should they allocate to start establishing their business (f) Is it possible to delay Activity J without affecting the project's completion time? Why

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Transcribed Image Text:Question 13: A group of final year students would like to start up their business on the campus of the university they are currently studying. They have consulted several owners of on-going business on the campus and have obtained the following information: Activity Description A Prepare Company Profile Immediate Time Estimates Predecessor Optimistic (a) Most Likely (m) Pessimistic (b) 1 4 7 4 B Prepare Proposal Paper CDE Obtain Business License MOF registration A,B A,B Register with Companies Commission Malaysia C,D F Audited Report E G Obtain Tax Payment License H Obtain Business Premises License D E,F,G 1 Briefing H J Interview H K Roundtable Discussion H L Acquire Tender I,J,K M Complete Agreement of renting & Stamping M 22226332HI 1 1 1 1 3544 7552233m 8 006627733 14 N Proceed With Business L 7 14 5452 21 QUESTIONS: (a) Draw the project network. (b) Apply PERT/CPM and provide the information or table on the ES, EF, LS, LF and slack times for all the activities. What are the critical activities? (c) What is the expected completion time for the project? What is the probability of completing the project within this duration? (d) What is the probability of completing this project within 49 days? (e) In order to be 90% confident in meeting the deadline, how long should they allocate to start establishing their business (f) Is it possible to delay Activity J without affecting the project's completion time? Why

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