What is the value of risk

Assignment Help Operation Management

Reference no: EM132185528

Please help me answer the following:

1. Consider the following tasks. Tasks A, B, C, D, E, F, and G have durations of 5, 4, 10, 2, 7, 1, and 5 weeks, respectively. Task A has no predecessor. Task B has A as its predecessor. Both C and D have B as their predecessor. Task E's predecessor is C. Task F's predecessors are C and D, while Task G's predecessors are E and F. Given this information, what is the slack for Task D?

2. The budget at completion for your project is $120,000. The earned value is $90,000, and the CPI is 1.5. The variances in the project until now have been atypical. What is the estimate at completion?

3. A project has a 65 percent probability of achieving a $400,000 profit and a 35 percent probability of achieving a $250,000 loss. What is its expected monetary value?

4. There is a 80% chance that the materials you are expecting for the project will be delayed by two days. A delay of two days in materials arrival will likely result in a 20% schedule delay for the project. What is the value of risk?

5. The budget at completion for your project is $600,000. The CPI for your project is 1.25. The project has thus far spent 20% of the budget. What is the estimate to complete?

6. One of the activities on your project has an estimated optimistic duration of 42 days, an estimated pessimistic duration of 90 days, and will most likely be completed in 60 days. What is the standard deviation, according to PERT analysis?

7. Your project team determined that the optimistic estimate for project completion is 9 weeks, most likely estimate is 12 weeks, and the most pessimistic estimate is 24 weeks. What is the expected project duration?

Reference no: EM132185528

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