Consider the following scenario: (Time in weeks) Activity Preceding Optimistic Most Likely Pessimistic A 1 6. B 6. 13 C 3. 4. 8. В, С 6. E A, B 4. F 3 G 3 H. F, G 4 13 Choose correct answer and it is equal to 1.Project variance is the sum of the variances of all activities; 4.15 sum of the variances of critical path activities; 6.14 sum of the variances of all activities; 7.04 sum of the variances of critical path activities; 4.722 2Project Standard deviation is equal to 3.172 3.280 6.456 2.173 3. Determine the "Project's Expected Date of Completion" if the probability of completion is 96.712% * 20 weeks 14 weeks 18 weeks 26 woolca

Consider the following scenario: (Time in weeks) Activity Preceding Optimistic Most Likely Pessimistic A 1 6. B 6. 13 C 3. 4. 8. В, С 6. E A, B 4. F 3 G 3 H. F, G 4 13 Choose correct answer and it is equal to 1.Project variance is the sum of the variances of all activities; 4.15 sum of the variances of critical path activities; 6.14 sum of the variances of all activities; 7.04 sum of the variances of critical path activities; 4.722 2Project Standard deviation is equal to 3.172 3.280 6.456 2.173 3. Determine the "Project's Expected Date of Completion" if the probability of completion is 96.712% * 20 weeks 14 weeks 18 weeks 26 woolca

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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The following information relates to a project (task times are in weeks). Use the information to solve for the critical path and then to determine the probability that the project could be completed within 36 weeks. Task A B C D E F Preceding Tasks to 4 4 2 None A B D, E tm 6 7 7 8 13 9 8 0 W CON 6 tp 8 10 12 18 15 10 Click the icon to view the table of standard normal probabilities. The probability that the project is completed within 36 weeks is. (Enter your response rounded to four decimal places.)
Using PERT, Adam Munson was a ble to determinethat the expected project completion time for the construction ofa pleasure yacht is 21 months, and the project va riance is 4.a) What is the probability that the project will be completed in17 months?b) What is the probability that the project will be completed in20 months?c) What is the probability that the project will be completed in23 months?d) What is the probability that the project will be completed in25 months?e) What is the due date that yields a 95% chance of completion?
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