a) Calculate mean duration and standard deviation for all the activities using the beta distribution. [4pts]    b)...

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Statistics

a) Calculate mean duration and standard deviation for all theactivities using the beta distribution. [4pts]
  
b) Construct a network diagram for this problem using the meandurations calculated in part (a), calculate the LS(Foll.),ES(Prec.) and total float for all the activities, and henceidentify the critical path . What is the mean completion time forthe project? What is the standard deviation of the critical path?[30 pts ]
  
c) What is the 92% confidence interval for the length of thecritical path? [4 pts]
  
d) Assuming the probability distribution of the length of thecritical path can be approximated by a normal distribution with themean and standard deviation calculated in part (b), calculate theprobability of completing the project within 42 weeks. [4pts]

e) Calculate the probability of completing the project between 35and 40 weeks? [4 pts]
  
f) Answer the project manager’s question: “I want to tell theclient that there is a 10.03% chance the project will take longerthan X weeks - what figure should I give them (i.e. find X)?”[4]

(please show work step by step and excel file)

activity

follows

optimistic duration

most likely direction

pessimistic duration

A

-

4

6

14

B

A,C

3

4

5

C

-

3

5

13

D

A,E

12

18

24

E

-

8

10

18

F

A,E

4

6

8

G

B,F

7

8

9

H

G

10

12

14

I

G

5

6

7

J

D,I

5

7

9

Answer & Explanation Solved by verified expert
4.4 Ratings (945 Votes)
AnswerGiven thataCalculate mean duration and standard deviation for allthe activities using the beta distributionMean duration and standard deviation for all activities are asfollowsActivityOptimistic Duration t0Most likely duration tmPessimistic Duration tpExpected Duration    See Answer
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