In: Operations Management
Consider the following work breakdown structure: What is the probability of finishing the project at exactly 201 days?
|
Time Estimates (days) |
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|
Activity |
Precedes |
Optimistic |
Most Likely |
Pessimistic |
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|
Start |
A,B |
- |
- |
- |
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|
A |
C,D |
44 |
50 |
56 |
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|
B |
D |
45 |
60 |
75 |
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|
C |
E |
42 |
45 |
48 |
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|
D |
F |
31 |
40 |
49 |
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|
E |
F |
27 |
36 |
39 |
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|
F |
End |
58 |
70 |
82 |
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|
1. |
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|
0. |
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|
0.9. |
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|
0.6. |
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|
2.5. |
Answer: 0.6
Explanation:
| Activity | Optimistic time-a | Expected completion time-m | Pessimistic time-b | Expected time= (a+4*m+ b)/6 | Variance, (sigma)^2= (b-a/6)^2 |
| A | 44 | 50 | 56 | 50.00 | 4.00 |
| B | 45 | 60 | 75 | 60.00 | 25.00 |
| C | 42 | 45 | 48 | 45.00 | 1.00 |
| D | 31 | 40 | 49 | 40.00 | 9.00 |
| E | 27 | 36 | 39 | 35.00 | 4.00 |
| F | 58 | 70 | 82 | 70.00 | 16.00 |
Paths
| Paths | Duration | Variance |
| ACEF | 200.00 | 25.00 |
| ADF | 160.00 | |
| BDF | 170.00 |
| ACEF is the longest path (critical path) with a variance of 25 |
to find the probability for 201 days
| step 1 | we will find the variance of the tasks which lie on critical path | 25.00 | |||
| step 2 | mean project time (u) of critical path is= | 200 | |||
| step 3 | Required completion time is | 201 days | |||
| step 4 | standard deviation= sqrt(variance)= | 5.000 | |||
| step 5 | because Z= (given completion time- u)/standard deviation | 0.200 | |||
| step 6 | P(z)= using NORM.S.DIST(z,true) | 0.5793 ~0.6 |