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Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Activity A B с Description Report generation Web scraping Testing Immediate Predecessor A, B Optimistic 1 4 1 Time (Weeks) Most Probable 8 9 1 Pessimistic 12 11 1

Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Activity A B с Description Report generation Web scraping Testing Immediate Predecessor A, B Optimistic 1 4 1 Time (Weeks) Most Probable 8 9 1 Pessimistic 12 11 1

Practical Management Science
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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You may need to use the appropriate technology to answer this question. Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Time (Weeks) Activity A B с Description Report generation 5 Web scraping Testing img20230305_11125728.pdf Immediate Predecessor A, B Optimistic 1 4 1 (a) Construct the project network. (Submit a file with a maximum size of 1 MB.) Choose File No file chosen Most Probable 8 9 1 Pessimistic 12 (d) Should you use the estimate in (b) or (c)? O The probability estimate from (b) based on the critical path is more accurate. The probability estimate from (c) based on both paths is more accurate. O The probability estimates from (b) and (c) are equal. 11 1 (b) 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.) 0.9088 X (c) 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.) 0.8303 X
Transcribed Image Text:You may need to use the appropriate technology to answer this question. Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Time (Weeks) Activity A B с Description Report generation 5 Web scraping Testing img20230305_11125728.pdf Immediate Predecessor A, B Optimistic 1 4 1 (a) Construct the project network. (Submit a file with a maximum size of 1 MB.) Choose File No file chosen Most Probable 8 9 1 Pessimistic 12 (d) Should you use the estimate in (b) or (c)? O The probability estimate from (b) based on the critical path is more accurate. The probability estimate from (c) based on both paths is more accurate. O The probability estimates from (b) and (c) are equal. 11 1 (b) 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.) 0.9088 X (c) 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.) 0.8303 X
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