Determine the variance estimate of the activity, Operation Management

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Determine the variance estimate of the activity

Problem:

You have determined the critical path in a CPM analysis. You would like to determine the probability of completing the project is a desired period of time. One of the activities on the critical path has an optimistic time of 5 minutes, a most likely time of 6, and a pessimistic time of 17.

Required:

Question 1) What is the variance estimate of this activity? Explain the solution in detail.

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Operation Management: Determine the variance estimate of the activity

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Operation Management: Determine the variance estimate of the activity

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