Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Time (Weeks)ActivityDescriptionImmediatePredecessorOptimisticMost ProbablePessimisticAReport generation 1812BWeb scraping 4911CTestingA, B111(b) Based solely on the critical path, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)(c) Using all paths through the project network, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)

The critical path is a concept used in project management to identify the sequence of activities…

Answered: Management Decision Systems (MDS) is a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

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Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis.

Activity	Description	Immediate Predecessor	Optimistic	Most Probable	Pessimistic
			Time (Weeks)
A	Report generation		1	8	12
B	Web scraping		4	9	11
C	Testing	A, B	1	1	1

(b) Based solely on the critical path, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)

(c) Using all paths through the project network, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)

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