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The following table represents a plan for a project:

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Question

9.) The following table represents a plan for a project;T IMES (DAYS);JOB NO. P REDECESSOR JOB(S) a m b;1 ??? 2 3 4;2 1 1 2 3;3 1 4 5 12;4 1 3 4 11;5 2 1 3 5;6 3 1 2 3;7 4 1 8 9;8 5, 6 2 4 6;9 8 2 4 12;10 7 3 4 5;11 9, 10 5 7 8;a. Construct the appropriate network diagram.;b. Indicate the critical path.;c. What is the expected completion time for the project?;d. You can accomplish any one of the following at an additional cost of $1,500;(1) Reduce job 5 by two days.;(2) Reduce job 3 by two days.;(3) Reduce job 7 by two days.;If you will save $1,000 for each day that the earliest completion time is reduced, which;action, if any, would you choose?;e. What is the probability that the project will take more than 30 days to complete?;10.) A project has an expected duration of 34 weeks with a critical path variance of 6. What is the probability the project can be completed in 32 weeks or less?

 

Paper#34456 | Written in 18-Jul-2015

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