Expected length of a project is 37.16 days and the variance of its length is 6.14 days. What is the probability that the project is completed within 40 days?

A project consists of five activities listed below. The project network is shown for the activities. The critical path is B-C-E and the expected completion time is 8.     Optimistic Most Probable Pessimistic Activity Time (hr) Time (hr) Time (hr) A Floor sanding 3 4 5 B Paint mixing 0.5 1 1.5 C Ceiling painting 1 5.5 7 D Wall painting 1 2 9 E Floor buffing 1 2 3 What is the probability that the project can be completed within 9 hr.?

Activity A can start as soon as the project starts, and set the earliest start time for activity an equal to 0. With an expected activity time of 5 weeks. Using this information what is the earliest finish time for activity A?

A project with Earned Value (EV) = $1000, Actual Cost (AC) = $800 and Planned Value (PV) = $800. What is the Schedule Variance (SV)?

Answer all. What are the critical activities? What is the expected project duration?  calculate the variance of the project  What is the standard deviation (te) for the project? Suppose that management allotted 13-unit time for the project. What is the probability that we will meet the 13-unit time deadline?  If management wants to have a 0.99 probability of meeting the time, what should be the scheduled project duration?

1. A project was planned using PERT with three-time estimates. The expected completion time of the project was determined to be 40 weeks. The variance of the critical path is 9. (e) The project manager wishes to set the due date for the completion of the project so that there is a 90% chance of finishing on schedule. Thus, there would only be a 10% chance the project would take longer than this due date. What should this due date be?

13.42 Activity A is worth $100, is complete, and actually cost $150 Activity B is worth $500, is 75% complete, and has actually cost $400 so far Activity C is worth $500, is 25% complete, and has actually cost $200 so far. What is the estimated cost to completion for the project?

Dave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to determine​ ES, EF,​ LS, LF, and slack for each activity. The total project completion time and the critical path should also be determined. Here are the activity​ times: Activity    Time (weeks)    Immediate Predecessor(s)    Activity    Time (weeks)    Immediate Predecessor(s)A    6    -    E    5    BB    8    -    F    6    BC    2    A    G    9    C, ED    3    A    H    7    D , F Dave's earilest start (ES) and earliest finish (EF) are: Activity      ES     EF A                 0        6 B                 0        ? C                  D  E F G H

A project is set to be completed in 12 months with an estimated budget cost of $520,000. 6 months have passed, and expenses were $240,000. The completion of work is set to be $270,000 What is the planned value PV of the project? What is the actual cost AC of the project? What is the earned value EV of the project? Find the SPI and CPI of the project. Is the project ahead or behind schedule? Is the project under or over budget? What is the estimated cost to complete the project?

Risk reduction and risk transfer are two techniques that can be used to manage risk in a project. Using suitable examples, explain both risk reduction and risk transfer.