Draw the network diagram b. Calculate the expected time for each activity. c. Calculate the variance of each activity

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.4: Multiple Regression Models
Problem 12P
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GreenzTech Inc. is planning on installing a new computerised accounting system. For this
project, they have established the following activities, precedence relationships, and time
estimates in weeks:

a. Draw the network diagram
b. Calculate the expected time for each activity.
c. Calculate the variance of each activity
d. Based on the calculation of estimated times, what is the critical path?
e. What is the estimated time of the critical path?
f. What is the activity variance along the critical path?
g. What is the probability of completion of the project within 50 weeks or less?

Activity
a
b
С
d
f
g
h
i
k
Immediate
Predecessors
none
none
a
b, c
b, c
d, e
d, e
h
f, g
Optimistic
(a)
5
3
4
5
1
1
3
1
1
2
5
Most
Likely
(m)
8
12
7
8
1
4
6
2.5
1
2
8
Pessimistic
(b)
17
15
10
23
1
13
9
7
1
2
11
Transcribed Image Text:Activity a b С d f g h i k Immediate Predecessors none none a b, c b, c d, e d, e h f, g Optimistic (a) 5 3 4 5 1 1 3 1 1 2 5 Most Likely (m) 8 12 7 8 1 4 6 2.5 1 2 8 Pessimistic (b) 17 15 10 23 1 13 9 7 1 2 11
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