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:
CHAPTER 9: PROBLEM 15 A. DRAW A PROJECT NETWORK B. PREPARE AN ACTIVITY SCHEDULE C. WHAT ARE THE CRITICAL ACTIVITIES WHAT IS THE EXPECTED PROJECT COMPLETION TIME?
Therefore the critical path will be
A-B-G-H-I-Finish
Expected Completion Time:
2+3+4+4+2 = 15 weeks D. 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?
Variance of critical path will be the sum of
variances of all the critical activities, that is
σ2 = 0.03 + 0.44 + 0.44 + 0.11 + 0.03 = 1.05
In Probability Distribution Table, we find 0.99
probability occurs at the value of z = +2.33
Z= T-E (T) / σ or T= 15 + 2.33 √1.05
= T-15 / √ 1.05 = 17.4 weeks = 2.33 THANK YOU FOR LISTENING