Question

In: Statistics and Probability

Given the data in the spreadsheet below, what is the probability of completing the critical path...

Given the data in the spreadsheet below, what is the probability of completing the critical path of the project in 34 or more time units?

Activity Preceded By Optimistic Time Most Likely Time Pessimistic Time
A None 12.89 15.25 18.21
B None 14.17 15.61 18.13
C A and B 12.33 14.2 17.98
D A and B 14.84 17.64 20.53

Solutions

Expert Solution

z = (34 - 33.445)/1.16 = 0.48

P (z > 0.48) = 0.3155

The probability of completing the critical path of the project in 34 or more time units is 0.3155.

The other calculations are:

Activity Optimistic Likely Pessimistic Mean Std dev Variance
A 12.89 15.25 18.21 15.35 0.886667 0.786178
B 14.17 15.61 18.13 15.79 0.66 0.4356
C 12.33 14.2 17.98 14.51833 0.941667 0.886736
D 14.84 17.64 20.53 17.655 0.948333 0.899336
Precedences
Activity Time Pred 1 Pred 2
A 15.35
B 15.79
C 14.51833 A B
D 17.655 A B
Results
Activity Early Start Early Finish Late Start Late Finish Slack Variance Critical Variance
A 0 15.35 0.44 15.79 0.44 0.786178
B 0 15.79 0 15.79 0 0.4356 0.4356
C 15.79 30.30833 18.92667 33.445 3.136667 0.886736
D 15.79 33.445 15.79 33.445 0 0.899336 0.899336
Project 33.445 Project 1.334936
Std.dev 1.155394

Please give me a thumbs-up if this helps you out. Thank you!


Related Solutions

Explain how the critical path of a network is identified? What are critical path activities and...
Explain how the critical path of a network is identified? What are critical path activities and why are they important?
What is the critical path of the network?
What is the critical path of the network?
With the data given below we need to fill out the spreadsheet. Data Work in process,...
With the data given below we need to fill out the spreadsheet. Data Work in process, beginning: Units in process 200 Completion with respect to materials 55% Completion with respect to conversion 30% Costs in the beginning inventory: Materials cost $9,600 Conversion cost $5,575 Units started into production during the period 5,000 Costs added to production during the period: Materials cost $368,600 Conversion cost $350,900 Work in process, ending: Units in process 400 Completion with respect to materials 40% Completion...
about critical path of a project network is that, A. the critical path is the shortest...
about critical path of a project network is that, A. the critical path is the shortest of all paths through the network B. the critical path is the set of activities that has no slack time C. the critical path is that set of activities that has no positive slack time D. some networks may not have any critical path
Critical Path Network: a. Develop the critical path network. b. Show ES, EF, LS, LF, on the network. c. What are the critical path activities?
Critical Path Network:  a. Develop the critical path network. b. Show ES, EF, LS, LF, on the network. c. What are the critical path activities? d. What are the slack time of the activities? e. What is the completion time of the project? f. What are the expected times of the activities? g. What is the project variance? h. What is its standard deviation?
Given that the data below was randomly selected from a lognormal distribution. What is the probability...
Given that the data below was randomly selected from a lognormal distribution. What is the probability of a randomly selected item having a value greater than 3.9? Give your answer to 3 decimal places. Data 1.72, 124.2, 1.04, 0.84, 12.82, 11.76, 51.2, 0.11
Given that the data below was randomly selected from a lognormal distribution. What is the probability...
Given that the data below was randomly selected from a lognormal distribution. What is the probability of a randomly selected item having a value greater than 3.9? Give your answer to 3 decimal places. Data 1.72, 124.2, 1.04, 0.84, 12.82, 11.76, 51.2, 0.11 answer - 0.846 was wrong  
Which network path is the critical path of this project?
Which network path is the critical path of this project?
What is the critical path?What is the EF for the project to obtain financing?What...
What is the critical path?What is the EF for the project to obtain financing?What is the ES for the Legal work?What is the total duration of the entire project?What is the LF for creating the financing plan?What is the LS for Detailed Engineering (2/2)?What is the Float for the accounting activity?What is the EF for commissioning and transfer?What is the LF for commissioning and transfer?What is the ES for the Finish Construction activity?What is the EF for the Detailed Engineering...
In managing a project of the scale and type indicated below, the Critical path method(CPM) is...
In managing a project of the scale and type indicated below, the Critical path method(CPM) is utilized, composed of the following activities and their durations. Activity Time in days preceding activities A 10 -- B 6 -- C 8 A D 3 B E 7 C G 12 B H 5 C F 3 D, G I 5 E, H J K 8 8 C F, I, J a) Draw a critical path network(CPM) network diagram for this project on...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT