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Explain Slack and Project Duration
The following project is to be scheduled using the expected times found using the approximation to the beta distribution. All duration estimates are in weeks:
Activity a m B PredecessorsA 2 5 8 -B 4 10 22 AC 1 4 16 BD 4 6 8 AE 4 6 11 AF 1 2 6 EG 3 4 17 D,EH 1 2 3 C,F,G
A- Find the early start and late start schedule for each activity as well as its total and free slack.
B- What is the critical path duration? What is the variance for the critical path? What is the probability that the project will be completed in 24 weeks?
C- Using evidence from this specific project, explain if the estimate found in (B) is optimistic, and why, or why not?
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