| Project durationproblem (PERT/CPM model) | ||||||||||||||
| Input Parameters | Activity C | |||||||||||||
| Activity A | Activity B | |||||||||||||
| Probability | Cumulative Probability |
Time | Activity D | |||||||||||
| Probability | Cumulative Probability |
Time | Probability | Cumulative Probability |
Time | 0.1 | 10 | |||||||
| 0.25 | 5 | 0.2 | 3 | 0.25 | 12 | Probability | Cumulative Probability |
Time | ||||||
| 0.35 | 6 | 0.55 | 5 | 0.4 | 14 | 0.6 | 8 | |||||||
| 0.25 | 7 | 0.25 | 7 | 0.2 | 16 | 0.4 | 10 | |||||||
| 0.15 | 8 | 0.05 | 18 | |||||||||||
| Activity A | Activity B | Activity C | Activity D | PROJECT | ||||||||||
| TRIAL | Rand # | duration of A | Rand # | duration of B | Rand # | duration of C | Rand # | duration of D | DURATION | |||||
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1 |
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Calculate the following summary statistics:the estimate of theaverage length (duration) of the project, the standard deviation ofthe project length (duration), minimum, maximum and range of theproject length (duration).
Calculate the probability that the project will be completed in36 weeks or less. Display summary
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