a) Identify the critical path. b) What is the expected time to complete the project? c) What is the variance of the project completion time?
a) Identify the critical path. b) What is the expected time to complete the project? c) What is the variance of the project completion time?
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
1) Consider the following list of activities with time (in months)
|
Activity |
A |
B |
C |
D |
E |
F |
G |
H |
|
Immediate Predecessor |
----- |
----- |
A |
A,B |
A,B |
C |
D,F |
E,G |
|
Activity |
Optimistic |
Most Probable |
Pessimistic |
|
A |
3.5 |
4.0 |
4.5 |
|
B |
2.0 |
3.0 |
7.0 |
|
C |
6.5 |
7.5 |
10.0 |
|
D |
5.0 |
5.5 |
6.0 |
|
E |
5.0 |
6.5 |
8.0 |
|
F |
8.0 |
9.5 |
11 |
|
G |
6.0 |
7.0 |
9.5 |
|
H |
4.0 |
5.0 |
6.0 |
a) Identify the critical path.
b) What is the expected time to complete the project?
c) What is the variance of the project completion time?
d) What is the probability of completing in 32 months?
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What is the probability of completing in 32 months?
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