Considering the Project Details; 1.Construct the Project Network Diagram 2.Find the Expected Duration and Standard Deviation and Variance of each Activity 3.Find the Critical path and Expected Project Completion Time

Considering the Project Details; 1.Construct the Project Network Diagram 2.Find the Expected Duration and Standard Deviation and Variance of each Activity 3.Find the Critical path and Expected Project Completion Time

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

Considering the Project Details;

1.Construct the Project Network Diagram

2.Find the Expected Duration and Standard Deviation and Variance of each Activity

3.Find the Critical path and Expected Project Completion Time

Activity Predecessor
A
B
с
D
E
F
G
H
I
J
AUD AU
Α
с
D
с
E, F, G
B
H, I
Optimistic
20
12
12
40
90
14
50
12
6
1
Duration
Most Likely
10
7
10
20
60
10
30
10
4
1
Pessimistic
LO
5
LO
5
8
6
30
7
20
8
3
1

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Explanation

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1) Network diagram

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2) Expected duration, variation and SD

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3) Critical path and project duration

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