Course Solutions Uncategorized (Answered) : Project Duration Problem Pert Cpm Model Input Parameters Activity C Activity Activity B Pr Q33501507

(Answered) : Project Duration Problem Pert Cpm Model Input Parameters Activity C Activity Activity B Pr Q33501507

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

1

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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