The managers at AllBirds have operations in multiple countries, which operate on different financial management systems. This has been increasingly challenging for the company, so the Justin is looking to consolidate and integrate the financial management across all locations into a single software system that can operate across the national boundaries. This is a new, complicated and lengthy project, so Justin has identified a set of activity categories that will need to be carefully managed, as noted in the table. What is the probability that project can be completed two months early?
The managers at AllBirds have operations in multiple countries, which operate on different financial management systems. This has been increasingly challenging for the company, so the Justin is looking to consolidate and integrate the financial management across all locations into a single software system that can operate across the national boundaries. This is a new, complicated and lengthy project, so Justin has identified a set of activity categories that will need to be carefully managed, as noted in the table. What is the probability that project can be completed two months early?
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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Question
The managers at AllBirds have operations in multiple countries, which operate on different
This is a new, complicated and lengthy project, so Justin has identified a set of activity categories that will need to be carefully managed, as noted in the table.
-
What is the probability that project can be completed two months early?
Transcribed Image Text:Activities
A
B
C
D
E
F
G
H
I
Immediate
Predecessors
A
A
B, C
C
C
E
E, F
D, G, H
Optimistic
time (months)
2
0.5
1
2
3
1.5
4
3
6
Most probable
time (months)
3
1
2
3
53758
5
3
7
5
8
Pessimistic
time (months)
5
2.5
3.5
6
8.5
5.5
10
8
12
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