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Saint Teresa's Hospital is looking to implement a new ERP system. Russell Trent has been developing a project plan and has identified the following tasks, precedence relations, and normal task durations. Task Pred Mean Std Var Start   0 0 0 A Start 20 19.4 376.36 B A 14 11.34 128.5956 C A 45 34.65 1200.623 D A 15 11.55 133.4025 E B,C,D 7 6.72 45.1584 F E 37 42.55 1810.503 G E 27 27.27 743.6529 H E 43 14.62 213.7444 I E 28 19.04 362.5216 J F,G,H,I 13 13.52 182.7904 End J 0 0 0             Because Russell has studied project management at the University of Portland, he knows that the he should incorporate a time buffer into any estimates for the project's makespan. If Russell wants to quote a 92% makespan: Quoted Makespan =  Time Buffer =

Saint Teresa's Hospital is looking to implement a new ERP system. Russell Trent has been developing a project plan and has identified the following tasks, precedence relations, and normal task durations. Task Pred Mean Std Var Start   0 0 0 A Start 20 19.4 376.36 B A 14 11.34 128.5956 C A 45 34.65 1200.623 D A 15 11.55 133.4025 E B,C,D 7 6.72 45.1584 F E 37 42.55 1810.503 G E 27 27.27 743.6529 H E 43 14.62 213.7444 I E 28 19.04 362.5216 J F,G,H,I 13 13.52 182.7904 End J 0 0 0             Because Russell has studied project management at the University of Portland, he knows that the he should incorporate a time buffer into any estimates for the project's makespan. If Russell wants to quote a 92% makespan: Quoted Makespan =  Time Buffer =

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Saint Teresa's Hospital is looking to implement a new ERP system. Russell Trent has been developing a project plan and has identified the following tasks, precedence relations, and normal task durations.

Task Pred Mean Std Var
Start   0 0 0
A Start 20 19.4 376.36
B A 14 11.34 128.5956
C A 45 34.65 1200.623
D A 15 11.55 133.4025
E B,C,D 7 6.72 45.1584
F E 37 42.55 1810.503
G E 27 27.27 743.6529
H E 43 14.62 213.7444
I E 28 19.04 362.5216
J F,G,H,I 13 13.52 182.7904
End J 0 0 0
         

 

Because Russell has studied project management at the University of Portland, he knows that the he should incorporate a time buffer into any estimates for the project's makespan. If Russell wants to quote a 92% makespan:

Quoted Makespan = 
Time Buffer = 

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