What is the estimated slack time for activity A?  Group of answer choices 0 4 6 1

Question 2 The owner of a "Sweet Things Bakery” is considering a new computer system for accounting and inventory control. A computer company sent the following information about the system installation. Immediate Most Most Most Activity Predecessor Optimistic Likely Pessimistic A 2 3 4 B 2 3 10 C A 8 11 14 D A 3 13 17 E B 2 4 12 F C 4 5 18 G D, E 6 7 14 H F, G 6 9 18 (i). Determine the expected time and variance for each activity (ii). Draw the activity network for this project, showing the ES, EF, LS, LF and slack for each activity. (iii). State the critical path for the project. (iv). What are the expected time and variance of the project? (v). What is the probability that the project will be completed in 25 days? (vi). What completion time has a 98% chance of being met?

2 Question 11 The relative criticality of various project risks are prioritized through A O Qualitative risk analysis Quantitative risk analysis O Identification of positive and negative risks Assumptions and constraints

Question 100

QUESTION 3 VP Manufacturers is considering renovating their offices at their Durban head office. (40 Marks) 3.1 Use the generated information to calculate the NPV of the project, to decide whether to go ahead with the project. (20 Marks) Investment required Expected economic lifetime Minimum required rate of return R200 000 5 years. 10% Net annual cash inflows 1st year 2nd year 3rd year R40 000 R100 000 R90 000 R40 000 4th year 5th year R30 000 3.2 VP Manufacturers has decided to go ahead with the project. The following activities has been determined for the office renovation project. Construct a network diagram (AON) to create a graphical description of the operations and their relationship to each other. Identity the critical path for the project. Task/Number Duration (Days) Predecessors A 12 B 8 A C 4 A D 7 C E 6 B. D F 7 E (20 Marks) QUESTION 4 (20 Marks) There is a need for an organisation to manage its human, cost, and technological resources effectively. Therefore, project…

Question 88

Question 1. Answer the following question based on the data from the data of a project in Table-1 Table 1: Project activities and durations Description Predecessors Build internal components Modify roof and floor Construct collection stack Pour concrete and install frame Build high-temperature burner Install pollution control system Install air pollution device Commissioning Activity P Q R S T U V W P, Q Q R, S T b) What is the total duration of this project? The total duration of this project..... T U Duration (days) 4 c) Identify the Critical Activities and Non-Critical Activities for this project. Critical Activities of this project......... Non-Critical Activities of this project. 4 6 10 6 5 3 a) Draw AON Network Diagram of this project and calculate the ES, EF, LS, LF and SLACKS of each activity. 5

QUESTION 2 Three estimates were 15, 1, and 24, not given in any order. What is the Three-point estimate? Pick closest answer. O 13 14 O 15 O 28

Time estimates Expected Variance Activity Optimistic Most Likely Pessimistic Time (ET) (6²) A B C D Start a 31 44 48 22 m 40 50 60 31 B b 4574 49 56 72 34 D End 4) What is the estimated standard deviation of the expected time for the critical path? A. 2.83 days B. 5 days C. 8 days D. 20 days E. 25 days

QUESTION 26 The following table of probabilistic time estimates (in weeks) and activity predecessors are provided for a project. Activity optimistic time most likely pessimistic time Activity Predecessor time 7 10 5 A B C D E Table 1 Reference: Ref 1 3 4 6 5 5 8 3 9 9 12 15 Using Table 1, how much slack is associated with activity C? OA. 12.67 weeks. B. 4.50 weeks. O C. 31.00 weeks. D.0 weeks. A A B, C D