For the network shown below and the given time estimates, what is the estimated expected (mean) time for project completion? A Start End Time estimates Expected Variance Activity Optimistic Most Likely Pessimistic Time (ET) (c) b. a m 31 40 49 A 44 50 56 60 72 48 31 34 D 22 B.

For the network shown below and the given time estimates, what is the estimated expected (mean) time for project completion? A Start End Time estimates Expected Variance Activity Optimistic Most Likely Pessimistic Time (ET) (c) b. a m 31 40 49 A 44 50 56 60 72 48 31 34 D 22 B.

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...

See similar textbooks

Related questions

Q: 5. By using data below : a. Make a project network b. Determine the expected time needed to finish…

A: Note: Since you have posted multiple parts in the same questions we will be answering the first…

Q: Duration Activity IPA Optimistic Realistic Pessimistic 2 19 B. A. 6 12 C A. 10 12 19 B 8. 18 23 E 7…

A: Given: Project scheduling with uncertain activity times (Optimistic, Realistic, Pessimistic) A -…

Q: Find the optimum duration and cost for the projects of a 11 activities, the indirect cost = 150 $…

A: Project crashing is a process which helps to reduce the total duration of a project using additional…

Q: a small project consisting of eight activities has the following characteristics:…

A: Note: - As we can answer only up to three subparts we will answer the first three subparts of part…

Q: (a) Calculate the expected duration of each activity. (b) Calculate the expected…

A: The project network is the diagram that shows the order of completion of project network activities…

Q: What is the likelihood that the project described in the following table will be completed within 44…

A: In the answer below: a stands for optimistic time b stands for pessimistic time m stands for most…

Q: Using PERT, Adam Munson was a ble to determinethat the expected project completion time for the…

A: Note: - Since we can answer only up to three subparts we will answer the first three subparts(a, b,…

Q: An entrepreneur is starting a new business. The activi-ties and times required are given below:a.…

A: Formula:

Q: 2. Assume the following project data given in Table 2. It is required to crash the project duration…

A: Since you have submitted questions with multiple subparts, as per guideline we have answered the…

Q: Coleman Rich Control Devices, I nc., producescustom-built relay devices for auto makers. The most…

A: Ascertain the normal interim of the individual exercises and the changes as demonstrated in table.

Q: Activity Preceding activity Optimistic Most Pessimistic Likely A 3 8 A 1 3 C A 11 D 4 3 4 В, С В, D…

A: A - 3 6 8 B A 1 3 5 C A 2 2 11 D C 4 3 4 E B, C 3 5 4 F B, D 5 2 2 G E, F 3 6 12…

Q: Ql: For activitices shown in table below, find the new time of project after updating, if the…

A: Given data is

Q: Optimistic Most Likely Pessimistic Activity Predecessor 4. 6. 14 A 4. 14 B. 6. 13 14 A,B 4. 8. 12 10…

A: Here, to find the answers to parts d(, f) and g), we will first find the expected mean duration and…

Q: a Follow a PERT/CPM model to identify the project network, activity schedule, critical activities,…

A: A network diagram related to the project shows the sequence of the task that is performed to…

Q: Use this table as inputs to answer the questions below: Activity Total Budgeted Duration (months)…

A: Possible paths and duration: A-G = 4 B-E-F = 9 A-D = 5 C = 2 The critical path would be B-E-F with 9…

Q: 2/ For the project data shown in the table below. If it was decided to turn over the project at 34…

A: Given data is

Q: Solve the following question using PNET. Enter your answers correct to 3 decimal places. What is the…

A: Below is the solution-

Q: Calculate the total float, free float and independent float for the project whose activities are…

A: Given data is

Q: 31) Use the values in the table to calculate activity durations and variances for the project. Which…

A: Network diagram: Calculation of expected time and variance with given Optimistic, pessimistic and…

Q: The activities necessary for the completion of this project are listed in the following table:…

A: Since you have posted a question with multiple sub-parts, we will solve the subparts asked by you.…

Q: Project ALPHA has 6 Acivities from A to Fas folows: Activity Duration Preceded By A 3 7 A 1 The Late…

A: Given: Activity Predecessors Duration A - 3 B A 9 C A 7 D B 5 E C 5 F E 1 Edge and…

Q: You are provided with the following information for a project, with activity durations given in…

Q: The following table shows estimates of activity times (in weeks) for a project: Optimistic Most…

A: The critical path is the path in the project network that takes the highest time to complete the…

Q: The following table shows estimates of activity times (in weeks) for a project: Optimistic Most…

A: The critical path is the past that takes a higher time to complete the whole project successfully as…

Q: DAYS IMMEDIATE АCTIVITY a b PREDECESSORS A 6. 6. B 5 8. 11 A. 5 6. 10 A 2 6. В, С E 7 11 15 D F 7 9.…

Q: Duration Activity IPA Optimistic Realistic Pessimistic 2 8 19 12 C A 10 12 19 B 18 23 C 7 16 19 F…

A: Available Paths Are: A-B-F-End A-B-D-F-End A-B-D-G-End A-C-G-End A-C-E-End

Q: ) USING EXCEL ONLY: Construct the project network

A: Below is the solution:-

Q: For the network shown below and the given time estimates, what is the estimated expected (mean) time…

A: The expected completion time is the time required to complete the project activities in the project…

Q: Please assist in detailed explanation on the following question in Project Scheduling: 1) - A…

A: Since it has been mentioned that the arcs need to be labelled with activity name and duration it is…

Q: A small software development project at KrishnaDhir's firm has five major activities. The times are…

A: Formula to find the expected time- Te=a+4m+b6 Formula to find the variance- σ2=b-a62

Q: Activity Immediate Optimistic Most Likely Pessimistic…

A: Activity Predecessor Optimistic Most likely Pessimistic A - 2 3 4 B - 2 4 6 C A 1 2 3 D B…

Q: Consider the following scenario: (Time in weeks) Activity Preceding Optimistic Most Likely…

A: The question is related Programme Evaluation Review Technique (PERT). The expected duration is…

Q: Activity ES EF LS LF Slack A в D E G H J K -2. Identify the critical activities, and determine the…

A: THE ANSWER IS AS BELOW:

Q: The critical path is A-C-E-G-I-J. Activity G HIJ A B C D E Variance 0.25 0.15 0.25 0.69 | 2.25 0.69…

A: Given data is

Q: Follow up to previous question: 3) A company decides to plan a project, with activities, precedences…

A: Drawing the project network as shown in the diagram using AOA convention we represent the activities…

Q: D 8 А, F B 4 G C, D, E D, G E 7 G a. What is the minimum time required to complete the project? b.…

Q: Q/ The figure below shows the arrow diagram of the major events (A, B, C, D, E, F, G, H, I) of…

A: Program Evaluation and Review Technique (PERT) PERT is a probabilistic method where the activity…

Q: Given the activities of a project; their optimistic (t.), most likely (t_) and pessimistic (t) time…

A: Note: - Since we can answer only up to 3 questions we will answer questions 1, 2, and 3 for your…

Q: a. Determine the expected project completion time and the variance. b. What is the project's…

A: The critical path is a method to find the shortest duration by which a project can be completed with…

Q: By using Bar chart planning method, find the following: - Total duration for the project activities…

A: Find the Bar Chart below: Activities early Start calculated by adding previous activities duration…

Q: The table below contains activities for a Project. Determine the Activity Duration, Slack and state…

A: D(duration)=given in the question as normal time ES (Early start)= The first activity from where the…

Q: 7. A project has the following network and costs (1 in days, A H. Start C End E G Normal Crash…

A: All possible paths are 1) A-D-H 2) A-C-F-H 3) A-C-E-G 4) B-F-H 5) B-E-G

Q: The project manager of Good Public Relations gathered the data shown in Table 7.15 for a new…

A: Critical path method is one of the effective project scheduling technique in which project can be…

Q: NORMAL CRASH TIME NORMAL CRASH COST TIME IMMEDIATE ACTIVITY (WEEKS) (WEEKS) COST PREDECESSOR(S) A 4…

A: Answer: we can see that for the mentioned project there are seven activities A, B, C, D, E, F, G. In…

Q: Consider following data. Draw activity on arc (AOA) network diagram. Find out critical path,…

A: Critical path tells the shortest duration of the project.

Q: a) Calculate the expected time of each activity b) Draw the network and indicate the expected time…

A: The measure of time that necessities to finish each assignment in the task is known true to form…

Q: The following table shows estimates of activity times (in weeks) for a project: Optimistic Most…

A: The critical path is the path that takes the longest time to complete the whole project…

Q: The table below shows the activities, their immediate predecessors and activity time estimates (in…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: TIME SCALED EVENT NETWORK 3. From the following two table of informations; a. Draw the precedence…

A: Given data is

Question

please help and solve correctly..will give upvote if right

For the network shown below and the given time estimates, what is the estimated expected (mean) time for project
completion?
A
Start
End
Time estimates
Expected
Variance
Activity Optimistic Most Likely Pessimistic Time (ET) (o)
b.
a
m
31
40
49
A
50
56
B
44
60
72
C
48
34
22
31
D
O 120 days
O 22 davs
72 days

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

Management Firm is a consulting company that specializes in the development of decision support systems. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 2 8 12 B Web scraping 4 9 11 C Testing A, B 1 1 1 (A) Based solely on the critical path, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.) (b) Using all paths through the project network, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)
using examples, distinguisg between: 1. Direct aand indirect project costs. 2. Recurring and nonrecurring project costs. 3. Fixed and Variable project costs. 4. Normal and expedited project costs.
MODELLING AND SIMULATION 1. Do we need to criticize someone’s ideas during a brainstorming session? Support your opinion. 2. Is it possible to conduct all the orientation activities in a single visit? Why? 3. How do project parameters affect the simulation?
Management Firm is a consulting company that specializes in the development of decision support systems. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 2 8 12 B Web scraping 4 9 11 C Testing A, B 1 1 1 (b) Using all paths through the project network, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)
Since the project that is referred to in Question 1 involve innovative technology andinherent uniqueness, managing uncertainty and risks on the project is of utmostimportance. How will you plan risk management and identify risks on the project?What possible risk response strategies can you use for negative risks.
You’re managing a project with a schedule performance index (SPI) of 1.07and a cost performance index (CPI) of 0.94. How would you BEST describethis project?A. The project is ahead of schedule and within its budgetB. The project is behind schedule and within its budgetC. The project is ahead of its schedule and over its budgetD. The project is behind schedule and over its budget Which of the following is the BEST example of a reward system?A. Everyone will get a bonus of $500 if the project meets its quality goals, $500 if itmeets its budget goals, and $600 if it comes in on time.B. The team member who works the hardest will receive $1000C. The five team members who put in the most hours will get a trip to DisneylandD. The team will only get a bonus if the project comes in 50% under budget, scheduleand quality metric goals. Even though the team leads know this goal is unrealistic,they agree that it will motivate the team to work harder”
Critically assess and comment on the success of the project from the followingviewpoints: a. Level or degree of alignment of end results and outcomes to the organization’sstrategic goals.b. Level of success in the management of the triple constraints of time, cost, andscope.
1. An objective must be SMART. What does SMART stand for? Explain each of them. S M A R T 2. In making a project plan, we should first define/determine the problem. What do you think is the reason behind it? 3. Enumerate the project planning steps. 4. Why is planning important in project management? Give 5 reasons to justify your answer. I need it in 30 mins asap
you 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 =24
1. Why is project cost control important? 2. Explain two ways to control costs using the advanced technologies studied in Unit 2. 3. Who creates the initial cost estimate and updates project costs as actual data is available?
Estimating project costs seems to be the main problem for Project 14321. You are to advise a reward mechanism for TSC management that will help with improving project cost estimation
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 level