Determining completion time and standard deviation

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Reference no: EM1322792

Q1) Let the following table:

 

PRET. ACT

TIME         ESTIMATES          (days)

Activity

 

to

  tml  

tp

  te

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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