The expected times and variances for the project activities are given below. What is the probability of completing the project in 24 periods? Variance ID Description Predecessor [(b - al/6? Pilot production Select channels of distrib. Develop mktg. program Test market 1 None 3 2 None 4 3 None 4 1 2 5 Patent 10 5 Full production Ad promotion Release 4 10 7 3 8 2,5,6,7 2 1 6744 O63

Principles of Heat Transfer (Activate Learning with these NEW titles from Engineering!)
8th Edition
ISBN:9781305387102
Author:Kreith, Frank; Manglik, Raj M.
Publisher:Kreith, Frank; Manglik, Raj M.
Chapter11: Heat Transfer By Radiation
Section: Chapter Questions
Problem 11.12P
icon
Related questions
Question
The expected times and variances for the project activities are given below. What is the probability of completing the
project in 24 periods?
Variance
ID
Description
Predecessor
[(b – a)/6P
Pilot production
Select channels of distrib.
Develop mktg. program
Test market
1
None
2
None
7
3
None
4
4
1
4
2
Patent
1
10
Full production
Ad promotion
Release
4
16
10
7
3
2
8
2,5,6,7
2
1
Z Value
Probability
Z Value
Probability
-2.0
-1.5
0.02
+2.0
0.98
0.07
+1.5
0.93
-1.0
0.16
+1.0
0.84
-0.7
0.24
+0.7
0.76
-0.5
0.31
+0.5
0.69
-0.3
0.38
+0.3
0.62
-0.1
0.36
+0.1
0.54
Transcribed Image Text:The expected times and variances for the project activities are given below. What is the probability of completing the project in 24 periods? Variance ID Description Predecessor [(b – a)/6P Pilot production Select channels of distrib. Develop mktg. program Test market 1 None 2 None 7 3 None 4 4 1 4 2 Patent 1 10 Full production Ad promotion Release 4 16 10 7 3 2 8 2,5,6,7 2 1 Z Value Probability Z Value Probability -2.0 -1.5 0.02 +2.0 0.98 0.07 +1.5 0.93 -1.0 0.16 +1.0 0.84 -0.7 0.24 +0.7 0.76 -0.5 0.31 +0.5 0.69 -0.3 0.38 +0.3 0.62 -0.1 0.36 +0.1 0.54
Hints:
1. First calculate Activity time for each activity (done and GIVEN to you in the table above)
2. Then variance square for each activity (GIVEN to you)
3. Using the Activity Time and Predecessor information, Draw the project network diagram
4. Calculate Early start & Finish, Late start & Finish, Slack and find out the critical path duration and critical
activities.
5. Then find out the value of Z. While calculating the square root of variances, include the varaiances of critical
actvities only.
Ts
Z =
T
-
E
te?
6. Using the probability table given in the above, find out the corresponding percentage for the Z value calculated.
O a. 0.84
O b. 0.16
OC.- 1
Transcribed Image Text:Hints: 1. First calculate Activity time for each activity (done and GIVEN to you in the table above) 2. Then variance square for each activity (GIVEN to you) 3. Using the Activity Time and Predecessor information, Draw the project network diagram 4. Calculate Early start & Finish, Late start & Finish, Slack and find out the critical path duration and critical activities. 5. Then find out the value of Z. While calculating the square root of variances, include the varaiances of critical actvities only. Ts Z = T - E te? 6. Using the probability table given in the above, find out the corresponding percentage for the Z value calculated. O a. 0.84 O b. 0.16 OC.- 1
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Instrumentation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, mechanical-engineering and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Heat Transfer (Activate Learning wi…
Principles of Heat Transfer (Activate Learning wi…
Mechanical Engineering
ISBN:
9781305387102
Author:
Kreith, Frank; Manglik, Raj M.
Publisher:
Cengage Learning