ACTIVITY IMMEDIATE PREDECESSOR OPTIMISTIC TIME MOST LIKELY TIME PESSIMISTIC TIME A __________ 2 3 4 B __________ 5 6 7 C __________ 5 6 7 D A 3 4 5 E A 2 3 4 F C 3 4 5 G C 9 11 16 H B, E, F 5 6 7 I F, G, H 7 11 15 J H, I, D 2 3 4 K D 3 4 5 L I, J, K 7 11 15 What is the probability that the project will be completed within 47 weeks? What completion time should the company quote in its bid for the project if it desires a 75% certainty?

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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ACTIVITY

IMMEDIATE PREDECESSOR

OPTIMISTIC TIME

MOST LIKELY TIME

PESSIMISTIC TIME

A

__________

2

3

4

B

__________

5

6

7

C

__________

5

6

7

D

A

3

4

5

E

A

2

3

4

F

C

3

4

5

G

C

9

11

16

H

B, E, F

5

6

7

I

F, G, H

7

11

15

J

H, I, D

2

3

4

K

D

3

4

5

L

I, J, K

7

11

15

  1. What is the probability that the project will be completed within 47 weeks?
  2. What completion time should the company quote in its bid for the project if it desires a 75% certainty?
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