Suppose that a task in a project has the following time estimates: to=optimistic completion time=10 weeks tm=most likely completion time=17 weeks tp=pessimistic completion time=19 weeks Compute the expected task variance. The task expected task variance is _____ weeks. (Enter your response rounded to two decimal places.)
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- 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.)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.)Coleman Rich Control Devices, Inc., produces custom-built relay devices for auto makers. The most recent project undertaken by Rich requires 14 different activities. Rich's managers would like to determine the total project completion time (in days) and those activities that lie along the critical path. The appropriate data are shown in the following table: Time (days) Immediate Time (days) Immediate Activity a m b Predecessor(s) Activity a m b Predecessor(s) A 4 7 8 — H 3 3 6 E, F B 1 2 3 — I 3 7 9 G, H C 7 7 7 A J 2 6 9 I D 6 9 13 A K 8 9…
- Suppose that a task in a project has the following time estimates: to=optimistic completion time=9 weeks tm=most likely completion time=17 weeks tp=pessimistic completion time=21 weeks Compute the expected task completion time. The expected task completion time is _________ weeks. (Enter your response rounded to one decimal place.)1.16 Given an auditing project with the following activities, please refer to the first pic find:(a) The probability of completing the critical path in 12 weeks (or less), as the client desires. (b) The probability of completing the critical path in 13 weeks (or less). c) The probability of completing the critical path in 16 weeks (or less), the client’s drop-dead date.(d) The number of weeks required to assure a 92.5 percent chance of completing the critical path, as guaranteed by the auditing firm.A project has a critical path with a duration of 20 weeks and a standard deviation of 4 weeks. There is a 35% chance the project will be completed in X weeks or less. What is X? Select the closest answer. a. 18.4 b. 15.8 c. 21.6 d. 24.2 e. 19.7
- I also know answer is d, but please explain each and every option why other option are incorrect too. Which of the following statements regarding PERT analysis is true? Each activity has two estimates of its duration. Project variance is the sum of all activity variances. Project standard deviation is the sum of all critical activity standard deviations. Only critical activities contribute to the project variance. none of these is true.Please answer the following multiple choice quesiton 1. Taylor knows that the team wants to receive the extra day off for getting the project launch out on time. She doesn't work as hard as she could because she knows her teammates will pick up her missed work to get the project done. What is this known as? Free rider effect Otiosum Halo effectGantt charts and earned value management (EVM) are frequently used in project management. When properly used, they can provide project managers with information about how the project is progressing. Early warning signs provide project managers with a means to help get their projects back on track. Although Gantt charts and earned value calculations can be created and performed in Microsoft Excel, many project management software suites can provide users with enhanced tools for simplifying these tasks. Some of the most popular project management software suites are as follows: Microsoft Project Monday.com Teamwork FunctionFox GanttPro ClickUp
- The project described in the following table has just begun. It is scheduled to be completed in 11 weeks.Use Table B1 and Table B2. Activity Estimated Time(weeks) Standard Deviation(wks.) 1-2 4 0.70 2-4 6 0.90 1-3 3 0.62 3-4 9 1.90 a. If you were the manager of this project, would you be concerned? (Round your intermediate calculations to 2 decimal places and "Probability" values to 4 decimal places.) because the probability of finishing on schedule is only about . b. If there is a penalty of $5,000 a week for each week the project is late, what is the probability of incurring a penalty of at least $5,000? (Round your intermediate calculations to 2 decimal places and "Probability" values to 4 decimal places.) Probability Have worked this with various formulas and all come back wrong. Where am I making a mistakeYou may need to use the appropriate technology to answer this question. Due to population growth in the area, the new Liberty High School has just opened in a local school district. The athletic director at Liberty High is planning the launch of the school's track and field team. The first team practice is scheduled for April 1. The activities, their immediate predecessors, and the activity time estimates (in weeks) are listed in the following table. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Meet with board 1 1 2 B Hire coaches A 4 6 8 C Conduct fundraiser A 2 4 6 D Announce program B, C 1 2 3 E Meet with coaches B 2 3 4 F Order team equipment A 1 2 3 G Register athletes D 1 2 3 H Reserve buses for meets G 1 2 3 I Plan first practice E, H, F 1 1 1 (a) Draw a project network. A project network with 11 activities and 13 directed arcs is shown. Activity Start is connected to activity A. Activity A…All projects utilise several different resources to successfully complete the project successfully tothe customer or sponsors requirements.Resources add another dimension to planning and scheduling. This includes people, materials,equipment, tool, facilities and so forth.The quantity and availability of these resources are often limited and cause project to face risks orconstraints which needs to be managed carefully.With the above statements , differentiate between Resource smoothing and resourcelimited scheduling then to substantiate your answer by providing at least two (2) situations whereresource limited scheduling may occur