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

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