Average duration and variance of each activity

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Reference no: EM131922322

Project Evaluation and Review Technique

Index	[asks	Best Duration	%lost Likely Duration	NVorst Duration
A	Market Research	4	8	10
B	Cost Analysis	2	4	5
C	Product Design	8	12	14
D	Development Analysis	7	10	13
E	Developing Product Model	6	8	16
F	Filing Contracts	6	12	18
G	Product Testing	7	10	15
H	Pricing	6	8	10
I	Sales/Marketing Planning	4	6	12
J	Sales Force Training	2	4	6

a. Average duration and variance of each activity?

b. The critical path on average is?

c. The average duration of the critical path found in (b)?

d. Variance of the duration of the critical path found in (b)?

e. The probability of the project is being completed within 58 weeks is??

Reference no: EM131922322

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