Compute the expected activity completion times and the variance for each activity
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- By using Bar chart planning method, find the following: - Total duration for the project activities shown below - The project completion date (assume the start date is 1/3/2012 Activity A CDEFGHI J Duration 85 2846 7 45 6 (days) Following Activity C,D EFGHIJJ * If the project shown above had a delay of (4 days after (13working days), what would its new delivery date be? B B7. Contract requirements state that a project must be completed within 180 working days, or it will incur penalties for late completion. Analysis of the activity network reveals an expected project completion time of 145 working days with a project variance of 400. What is the probability that the project will be completed before the late-payment deadline? (select the closest answer) Select one: a. about 4% b. over 99% c. about 80% d. about 46% e. about 96%Indirect cost for a project are $12,000.00 per week as long as the project lasts. The project manager has supplied the cost and time information shown. Use the information to: A. Determine an optimum crashing plan. B. Graph the total costs for the plan.
- Draw CPM network of activities tabulated below: 1. Calculate the expected duration and the standard deviation for the critical path. 2. Compute the followings: (a) The probability that the project will finish by the end of day 50 (b) The probability that the project will finish at day 52 (c) The probability that the project will finish before the start of day 49. (d) The completion date with at least a 95% confidence levelThe 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 12.5The following estimates of activity times (in days) are available for a small project: Activity Optimistic Most Probable Pessimistic A 4 5.0 6 B 8 9.0 10 C 7 7.5 11 D 7 9.0 10 E 6 7.0 9 F 5 6.0 7 An analyst determined that the critical path consists of activities B-D-F. Compute the expected project completion time and the variance of this path. What is the probability the project will be completed in 25 days?
- The project described in the following table has just begun. It is scheduled to be completed in 11 weeks.Use Table B1 and Table B2. Activity Estimated Time(weeks) Standard Deviation(wks.) 1-2 4 0.70 2-4 6 0.90 1-3 3 0.62 3-4 9 1.90 a. If you were the manager of this project, would you be concerned? (Round your intermediate calculations to 2 decimal places and "Probability" values to 4 decimal places.) because the probability of finishing on schedule is only about . b. If there is a penalty of $5,000 a week for each week the project is late, what is the probability of incurring a penalty of at least $5,000? (Round your intermediate calculations to 2 decimal places and "Probability" values to 4 decimal places.) Probability Have worked this with various formulas and all come back wrong. Where am I making a mistakeyou decide to estimate duration and standard deviation of a project using PERT method. the project has 3 steps the following are the optimistic, most likely and pessimistic durations in weeks:step 1: 2,5,10Step 2: 1,3,13Step3: 7,8,11,what is the estimated duration and standard deviation of the project duration?Estimated Duration =16 standard Deviation =4.9Estimated Duration =18 standard Deviation =4.9Estimated Duration =18 standard Deviation =2.49Estimated Duration =16 standard Deviation =24The expected times and variances for the project activities are given below, critical path is A-D-F-H. What is the probability of the completing the project in 29 periods? ID Description A B C D E LL G H Pilot production Select channels of distribution Develop program Test market Patent Full production Ad promotion Release 40% 50% 70% 60% Predecessor None None None A A D B.E.F.G 6 7 4 4 10 16 3 2 Variance [(b-a)/6]2 3 4 2 2 5 10 2 1
- Costs for a project are $12,000 per week for as long as the project lasts. The project manager has supplied the cost and time information shown. Use the information to a. Determine an optimum crashing plan. Crashing Potential (weeks) Cost per Week Activity to Crash a 3 $11,000 b 3 3,000 first week, $4,000 others 2 6,000 d. 1 1,000 e 3 6,000 f 1 2,000 14 weeks 10 weeks a b 13 weeks 6 weeks d 15 weeks 8 weeks f eThe following information has been computed from aproject:Expected total project time = T = 62 weeksProject variance (s2p ) = 81What is the probability that the project will be completed18 weeks before its expected completion date?managerial implication of that probability? Approximate the probability that activity 3- 4 will have positive slack. What is the Find the length of the critical path and the project duration Compute slack for each event and find the critical path Compute the expected time and variance for each activity Draw the project network | 111. ii. 1i. 6. 3. 7. 2. 1. 5. 2-6 2. 1. 4 4 – 5 2 3 3. 6. 4. 1- 5 5. 3. 6. 2. 3. 1. 3 4 8. 1-3 5. 3. 1-2 to Activity to Activity 拜5 (a) Consider a project for which the following activities and time estimates in weeks apply: 2. 8. 21 4,