(c) Based only on the critical path, what is the estimated probability the project can be completed in 42 weeks as requested by the owner? (Round your answer to four decimal places.) 0.4129 x You may have forgotten to multiply or divide by 100. (d) Based only on the critical path, what is the estimated probability the building project could run more than 3 months late? Use 55 weeks for this calculation. (Round your answer to four decimal places.) (e) What should the construction company tell the owner? (Enter your free-form answer using as many characters as necessary.)

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...
icon
Related questions
Question
(c) Based only on the critical path, what is the estimated probability the project can be completed in 42 weeks as requested by the owner? (Round your answer to four decimal places.)
0.4129
X
You may have forgotten to multiply or divide by 100.
(d) Based only on the critical path, what is the estimated probability the building project could run more than 3 months late? Use 55 weeks for this calculation. (Round your answer to four decimal places.)
(e) What should the construction company tell the owner? (Enter your free-form answer using as many characters as necessary.)
Transcribed Image Text:(c) Based only on the critical path, what is the estimated probability the project can be completed in 42 weeks as requested by the owner? (Round your answer to four decimal places.) 0.4129 X You may have forgotten to multiply or divide by 100. (d) Based only on the critical path, what is the estimated probability the building project could run more than 3 months late? Use 55 weeks for this calculation. (Round your answer to four decimal places.) (e) What should the construction company tell the owner? (Enter your free-form answer using as many characters as necessary.)
Mueller & Associates is a urban planning firm that is designing a new public park in an Omaha suburb. Coordination of the architect and subcontractors will require a major effort to meet the 42-week completion
date requested by the owner. The Mueller project manager prepared the following project network.
Start
A
B
C
Activity Optimistic Most Probable
D
E
TI
F
Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows.
G
H
4
6
6
3
6
5
сл
10
A
LO
5
8
7
12
5
9
8
B
15
с
6
D
Pessimistic
12
8
18
7
18
17
20
F
13
E
G
H
Finish
Transcribed Image Text:Mueller & Associates is a urban planning firm that is designing a new public park in an Omaha suburb. Coordination of the architect and subcontractors will require a major effort to meet the 42-week completion date requested by the owner. The Mueller project manager prepared the following project network. Start A B C Activity Optimistic Most Probable D E TI F Estimates of the optimistic, most probable, and pessimistic times (in weeks) for the activities are as follows. G H 4 6 6 3 6 5 сл 10 A LO 5 8 7 12 5 9 8 B 15 с 6 D Pessimistic 12 8 18 7 18 17 20 F 13 E G H Finish
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.