Calculate the project completion time


Problem:

1547_Project Completion.jpg

Activity

Mean Duration (Days)

Std. Dev. (Days)

A

11

0.9

B

13

1.1

C

7

0.2

D

9

0.8

E

6

1

F

7

1.2

G

10

0.7

H

9

0.6

I

8

0.8

Q1. Calculate the project completion time.

Q2. Indicate the critical path activities.

Q3. What is the probability of completing this project between 38 and 40 days?

Q4. What are the slack values for activities C and F? Interpret the meaning of their slack values?

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Accounting Basics: Calculate the project completion time
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