The following table shows estimates of activity times (in weeks) for a project:b. What is the probability that the project will be completed within 33 weeks?c. What is the probability that the project will be completed in more than 34 weeks?Activityd. What is the probability that the project will be completed in 35 weeks?ABCDEFGАGOptimistic Most ProbableTimeTime563.543675946.5Suppose that the critical path is A-C-E-F-G. Use Appendix A to answer the questions. Do not round intermediate calculations. Round your answers to three decimal places.a. What is the probability that the project will be completed within 36 weeks?610.5PessimisticTime74.55109715

A project has 7 activities with 3 time estimates in weeks:ActivityOptimistic TimeMost Probable…

Answered: The following table shows estimates of…

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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2. A small software development project at Krishna Dhir's firm has five major activities. The times (in days) are estimated and provided in the table below: Activity Immediate Predecessor a m b A − 2 5 8 B − 3 6 9 C A 4 7 10 D B 2 5 14 E C 3 3 3 Part 2 d) The probability that it will take more than 17 days to complete this projectbe is __ (keep two decimal places). e) The due date that yields a 98% chance of completion is ____ days (keep two decimal places).
A project has the following tasks and duration estimates given. These three tasks are done in succession on a project. Task Optimistic Estimate Most Likely Estimate Pessimistic Estimate Alpha 30 days 40 days 50 days Beta 20 days 25 days 28 days Charlie 4 days 10 days 12 days Delta 25 days 30 days 50 days What is the expected duration for the project? (3 points) What is the variance for the project? (3 points) What is the standard deviation of the project? (3 points) What is the range of the duration of the project given 3 sigma? (3 points)
Consider a project having the following ten activities: Optimistic Time (o) (weeks) Most likely Pessimistic Time (p) (weeks). 9 Time (m) (weeks) 5 Immediate Time Est. Activity A Predecessors none 1 B A 6 5 C A 3 5 9 4 A 2 4 3 E В, С 4 4 4 4 F D 4 7 6 G E 2 2 8 H E, F 7 8 8 I F 4 7 J G, H, I 3 5 7 5 a) Draw and AOA diagram. b) Identifying due time of the critical path c) Compute for te, Path total, , total time duration of the critical Path d) Compute for z value, the Pz (Normal standard distribution) and plot in a graph and the expected time for each activity?
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The following represents a project that should be scheduled using CPM: ACTIVITY ABCDEFGH А с IMMEDIATE PREDECESSORS IAABUDR C,D D,E F,G TIMES (DAYS) b a 1 1 3 - NTTTTE 1 1 1 1 2 m 5 WaNNASNU 2 5 4 2 2 6 3 ∞∞NWO3770 9 10 12 8
The following table shows estimates of activity times (in weeks) for a project: Optimistic Time 5 Activity A B с D EFG 1 4 5 6 2.5 7.5 Most Probable Time 5.5 3 5 5.5 7 b. What is the probability that the project will be completed within 31 weeks? 3 8.5 Suppose that the critical path is A-C-D-E-G. Use Appendix A to answer the questions. Do not round intermediate calculations. Round your answers to three decimal places. a. What is the probability that the project will be completed within 34 weeks? d. What is the probability that the project will be completed in 33 weeks? C. What is the probability that the project will be completed in more than 32 weeks? Pessimistic Time 9 5 6 9 8 3.5 12.5
1. The hurdle rate is dependent upon O the confidence of management teams on the project how expensive it is to fund the project O the potential income generated by the project 2. If the hurdle rate is .14, but the internal rate of return is .10, then this project is... Green light, let's do it. Red light, we cannot do it. No answer here. 3. Which Excel function was used in calculating the weighted average scoring SUMO PRODUCTO * SUMPRODUCTO Submit
Activity Optimistic 56 ABCDEFGH-K А 7 1 8 11232 Time Estimates (weeks) Most Likely Pessimistic 63555 N 5 10 10 24242BSAHON 12 17 10 12 Immediate Predecessor(s) START START START B A, C D. E D, E FG HG H
Using the following table, calculate the project duration Task Predecessor Duration (weeks) A - 1 B A 2 C - 2 D - 3 E B 3 F C, D 4 G E,F 6 H F 1
. Assume that a project has an expected total duration of 25 days, but several optimistic employees feel that it can be completed in as little as 18 days, while others expect it to take nearly 40 days. Using program evaluation and review technique calculations, what is the project duration to be used in project Gantt charts and other tracking tools?2. If a critical path method calculation of project duration was 25 days, how does the program evaluation and review technique calculation in Question 1 compare?
The following project has a critical path of ACD with an expected duration of 10 weeks and a standard deviation of 2 weeks. Given the cost data below. What is the P95 estimate of the cost of the project, Мean Stdh. Dev. Activity Predecessors Cost ($K) Cost ($K) none A 4 1.5 A 7. 2.75 B,C 2 0.5 O 19.6 O 8.4 22.8 O 24.2 O 14.6
A company is willing to develop their rocket before the end of current financial year which is now 28 weeks away. The chief engineer of the company has decided to use PERT technique in order to plan, schedule and control program of development for the data given in table below. What is the probability that the program will be completed by the end of the current financial year? (all durations are in weeks). (i) G) Optimum Duration Most likely duration Pesimistic duration 1 2 3 8 13 3 2 8 4 3 8 10 4 7 10 3 6. 3 8 4 9 10 4 8. 4 9. 5 7 9. 12 6. 5 11 7 9. 14 8 4. 00 2.

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