Calculate probability that project will be completed


Problem:

Prepare a spreadsheet with formulas and draw the network ustilizing the drawing tools or by inserting shapes. Please denote the critical path using red. A network consists of the following list. Times are given in weeks.

Activity

Preceding

Optimistic

Probable

Pessimistic

A

--

5

11

14

B

-

3

3

9

C

--

6

10

14

D

A, B

3

5

7

E

B

4

6

11

F

C

6

8

13

G

D, E

2

4

6

H

F

3

3

9

Required:

Question 1) Draw the network diagram.

Question 2) Calculate the expected duration and variance of each activity.

Question 3) Calculate the expected duration and variance of the critical path.

Question 4) Calculate the probability that the project will be completed in less than 28 weeks.

Provide correct solution of the given problem with step by step calculations.

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Operation Management: Calculate probability that project will be completed
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