a) Produce work schedule showing the activity of estimated durations and the critical path and estimated overal mean duration for work package. Answers must be handwritten step by step to allow others to follow. b) calculate the probability of the work package being completed by week 24. Answers must be handwritten step by step to allow others to follow. c) Differentiate between ealiest and latest activity start and finisg times and explain how these variables determine the degree of spare time or float contained within activities. Answers must be handwritten step by step to allow others to follow.
a) Produce work schedule showing the activity of estimated durations and the critical path and estimated overal mean duration for work package. Answers must be handwritten step by step to allow others to follow. b) calculate the probability of the work package being completed by week 24. Answers must be handwritten step by step to allow others to follow. c) Differentiate between ealiest and latest activity start and finisg times and explain how these variables determine the degree of spare time or float contained within activities. Answers must be handwritten step by step to allow others to follow.
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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Question
a) Produce work
b) calculate the probability of the work package being completed by week 24. Answers must be handwritten step by step to allow others to follow.
c) Differentiate between ealiest and latest activity start and finisg times and explain how these variables determine the degree of spare time or float contained within activities. Answers must be handwritten step by step to allow others to follow.
Transcribed Image Text:QUESTION FOUR (4)
Refer to Table 3 This table shows your estimates of optimistic, likely and pessimistic
durations for activities to be carried in one of the work packages.
Table 3: Estimated activity times for works to be completed by company
Optimistic duration
Likely duration
(weeks)
1
(weeks)
2
Activity
XA-B
B-C
C-D
C-E
C-F
D-H
E-G
AF-G
F-1
F
AG-H
XH44
AHS
XJ-K
3
2
3
2
3
NW
2
-
2
22
2
2
+
3
32
2
5
3
Pessimistic duration
(weeks)
3
3
3
3
5
5
3
6
4
5
10
5
63
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