Answered: What is the probability of completing…

Business

Operations Management

What is the probability of completing this project within 22 days?

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 critical path IS A-D-G-H and the expected project completion time IS 21 days. With these answers in mind...

What is the probability of completing this project within 22 days? (The answer is not 65.17 or 62.17!) Thank you!

The following represents a project that should be scheduled using CPM: Use Appendix G.
TIMES (DAYS)
IMMEDIATE
ACTIVITY PREDECESSORS
ABCDEFGH
||< <BÖL
A
A
в
C, D
D, E
F, G
b. What is the critical path?
O A-D-G-H
O A-C-F-H
O A-D-F-H
OB-E-G-H
a
5111GW NIE
2
3
2
§43562335
690006644
m
b
7
7
7
10
14
14
c. What is the expected project completion time? (Do not round intermediate calculations. Round your
answer to 3 decimal places.)
Project completion time
days

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