Question

In: Operations Management

Consider the following work breakdown structure: What is the probability of finishing the project at exactly...

Consider the following work breakdown structure: What is the probability of finishing the project at exactly 201 days?

Time Estimates (days)

Activity

Precedes

Optimistic

Most Likely

Pessimistic

Start

A,B

-

-

-

A

C,D

44

50

56

B

D

45

60

75

C

E

42

45

48

D

F

31

40

49

E

F

27

36

39

F

End

58

70

82

1.

0.

0.9.

0.6.

2.5.

Solutions

Expert Solution

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

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