Calculate the variance for each activity time

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Reference no: EM131162687

After some fifty years in the present location, Survival - Is - Our - Business Clinic (SIBC) is building satellite outpatient centers to increase its market share. After consultation with the general contractor and internal and external agencies, the activities have been identified for the outpatient clinic plan. For each activity, the most likely, optimistic, and pessimistic time estimates in weeks, as well as each activity ' s relationship to other activities are identified. In addition, the compressed time, normal costs, and compression costs for the activities are identified in Table EX 13.12.

a. Calculate the mean duration for each activity.

b. Calculate the variance for each activity time.

c. Identify the mean and standard deviation for each path.

d. Calculate project completion probability for twenty - nine, thirty - two, and thirty - five weeks.

e. Calculate the total project cost.

Reference no: EM131162687

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