Expected completion time of the project

Assignment Help Operation Management
Reference no: EM132698946

Management decided to implement the project described in the following table:

Optimistic Time Most Likely Time Pessimistic Time

Activity Predecessor(s) (weeks) (weeks) (weeks)

A - 3 4 5

B - 1 3 5

C A 3 3 5

D A,B 2 6 9

E C 2 4 5

F B,D 2 4 6

G C,E 2 3 4

H E,F 3 4 6

I G 2 3 5

a. Draw the project network.

b. What is the expected completion time of the project? (i.e., must list all the possible paths and find the longest one as the expected completion path)

c. If one path has the longest expected completion time, why is it not necessarily the critical path?

d. What are the variances for each activity?

e. Assuming that the path completion times are independent, what is the probability of completing the project in 19 weeks?

f. Given the same assumption as in part (e), what is the probability of completing the project in 16 weeks?

Reference no: EM132698946

Questions Cloud

Find how machine would appear in the perth construction : How the machine would appear in the Perth Construction Company Balance Sheet on December 31, 2015, presuming the straight-line method of depreciation
What is the firm degree of operating leverage at sales : What is the firm's degree of operating leverage at sales equal to (a) 6,000 machines, (b) 9,000 machines, and (c) 12,000 machines
Calculate the concentrations of the two personal samples : Calculate the concentrations of the two personal samples and Discuss how the results of the two personal samples you collected compare to the OSHA PEL
Effectiveness of traditional bases for pay at company : Evaluate the effectiveness of traditional bases for pay at the company you researched. Use at least three quality references.
Expected completion time of the project : Management decided to implement the project described in the following table:
Prepare journal entries for hodge ltd to record transaction : Prepare journal entries for Hodge Ltd to record transaction on 1 July 2020 when the convertible note is issued and 30 June 2021 when the first coupon is payable
What is FGM operating income at sales : Flash Gordon Memory (FGM) sells memory cards for $45 each. What is FGM's operating income at sales of 75,000 cards
Affect human resources in health care : It is important that management has a clear understanding of the rules, regulations, and policies that affect human resources in health care.
Which is the conceptual framework of accounting : Which is the conceptual framework of accounting? increases the usefulness of the financial information presented in financial reports.

Reviews

Write a Review

Operation Management Questions & Answers

  Reflecting frustration with its payment rates

Fewer American doctors are treating patients enrolled in the Medicare health program for seniors, reflecting frustration with its payment rates and pushback against mounting rules, according to health experts - just as millions of Americans are poise..

  Correct comparison of the two sales forecasting approaches

Which of the following statement(s) is a correct comparison of the two sales forecasting approaches?

  What’s your experience with benchmarking studies

What methods/metrics do you use to evaluate the organization’s progress? What’s your experience with benchmarking studies?

  Two doctrines-generally prevent offer from being revoked

Which of the following are two doctrines that generally prevent an offer from being revoked?

  The context of ethical human resource management

In the context of ethical human resource management, which of the following actions of an organization constitutes right of freedom of speech?

  Develop the skills to assess the success of the plan

Develop the skills to assess the success of the plan. Evaluate strategic initiatives to leverage opportunities and mitigate threats to small businesses.

  A bilateral contract is promise for promise

A bilateral contract is a promise for a promise. Under the UCC Rule 2-207 for the sale of goods when a contract is made by the exchange of forms, when the acceptance form has terms additional to or different from the offer: Browse wrap agreements are..

  Pricing skimming when entering new product into market

Under what circumstances do you think price penetration is a better pricing policy than pricing skimming when entering a new product into a market.

  The price of progress

From article "The Price of Progress" by John Bodley Clearly "progress" for some peoples often exacts a "price" on others. Provide examples for the article of ways in which progress has affected traditional societies.

  Calculate the net present value and payback

Using a 4.5% discount rate, calculate the Net Present Value, Payback, Profitability Index, and IRR for each of the investment projects below (note, the inflows are for each year). what are your recommendations for the above problem? Explain.

  Decides to become publicly traded company

Suppose a social media startup decides to become a publicly traded company? It hasn't been profitable yet.

  How many patients can hygienist work on at the same time

He wants a capacity cushion of 5%. How many hygienists should he hire? how many patients can a hygienist work on at the same time?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd