Below is a list of activities required for a project.
a. Calculate the variance and expected time for each activity
b. Find the critical path.
c. Calculate the variance and expected time for the whole project.
d. What is the probability the project will NOT be done in 55 days or less.
e. What date result in a 97% probability of completion.
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Expert Answer
Pleas find below table which calculated expected time and variance of each activity.
Expected time of each activity is calculated as = ( Optimistic time + 4 x Most Likely time + Pessimistic time )/6
Variance of each activity = ( Pessimistic
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