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In: Accounting

Doug Casey is in charge of planning and coordinating next spring’s sales management training program for...

Doug Casey is in charge of planning and coordinating next spring’s sales management training program for his company. Doug listed the following activity information for this project:

Immediate Time (weeks)
Activity Description Predecessor(s) Optimistic Most Probable Pesssimistic
A Plan topic — 2 2 2
B Obtain speakers A 1.5 2 2.5
C List meeting locations — 1 2.5 10
D Select location C 1 1.5 2
E Finalize speaker travel plans B, D 0.5 1 1.5
F Make final check with speakers E 1.5 2 2.5
G Prepare and mail brochure B, D 4 4.5 8
H Take reservations G 2 4 6
I Handle last-minute details F, H 2 3 4
  1. Which project network is correct?
    (i) (ii)
    (iii) (iv)

    Network (iii)  
  2. Prepare an activity schedule.

    If required, round your answers to two decimal places. If your answer is zero, enter “0”.
    Activity Expected Time Variance
    A fill in the blank 2 fill in the blank 3
    B fill in the blank 4 fill in the blank 5
    C fill in the blank 6 fill in the blank 7
    D fill in the blank 8 fill in the blank 9
    E fill in the blank 10 fill in the blank 11
    F fill in the blank 12 fill in the blank 13
    G fill in the blank 14 fill in the blank 15
    H fill in the blank 16 fill in the blank 17
    I fill in the blank 18 fill in the blank 19
    Earliest Latest Earliest Latest Critical
    Activity Start Start Finish Finish Slack Activity
    A fill in the blank 20 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 No
    B fill in the blank 26 fill in the blank 27 fill in the blank 28 fill in the blank 29 fill in the blank 30 No
    C fill in the blank 32 fill in the blank 33 fill in the blank 34 fill in the blank 35 fill in the blank 36
    D fill in the blank 38 fill in the blank 39 fill in the blank 40 fill in the blank 41 fill in the blank 42
    E fill in the blank 44 fill in the blank 45 fill in the blank 46 fill in the blank 47 fill in the blank 48
    F fill in the blank 50 fill in the blank 51 fill in the blank 52 fill in the blank 53 fill in the blank 54
    G fill in the blank 56 fill in the blank 57 fill in the blank 58 fill in the blank 59 fill in the blank 60 Yes
    H fill in the blank 62 fill in the blank 63 fill in the blank 64 fill in the blank 65 fill in the blank 66 Yes
    I fill in the blank 68 fill in the blank 69 fill in the blank 70 fill in the blank 71 fill in the blank 72 Yes
  3. What are the critical activities and what is the expected project completion time?

    A-B-G-H-I  

    If required, round your answer to one decimal place.

    Expected project completion time = fill in the blank 75 weeks.
  4. If Doug wants a 0.99 probability of completing the project on time, how far ahead of the scheduled meeting date should he begin working on the project? Base your calculation solely on the critical path. Note: Use Appendix B to identify the standard score.

    If required, round your answer to one decimal place.

    T = fill in the blank 76 weeks.

Solutions

Expert Solution

Solution:-

ekkarill92 answered 11 months ago
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