Determining completion time and standard deviation

Reference no: EM1322792

Q1) Let the following table:

	PRET. ACT	TIME ESTIMATES (days)
Activity		t_o	t_ml	t_p	t_e
A	-	6	6	6
B	A	4	5	6
C	A	2	4	6
D	B	4	6	8
E	C	1	3	5
F	D	1	5	3

i) Determine the completion time and standard deviation (σ) for project roundoff the standard deviation to the nearest hundredth: two decimal places.

ii) What is the completion time at 95% confidence level?

Q2) Determine the probabilities of project completion. Preset calendar to a 7-day workweek. Use triangular distribution for defining activity time distributions. After 1,000-trial simulation, study statistical information generated and compare the output of simulation with your findings in Problem. Briefly describe the significant similarities and differences.

Reference no: EM1322792

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