An IT project requires 6 activities. The table below displays the expected time and budgeted cost...

90.2K

Verified Solution

Question

Operations Management

  1. An IT project requires 6 activities. The table below displaysthe expected time and budgeted cost for each activity.

Activity

Expected time (weeks)

Budgeted

Cost

Immediate Predecessors

A

3

$3,000

None

B

4

$6,000

None

C

2

$7,000

A

D

5

$9,000

B

E

3

$3,000

C

F

6

$8,000

B,D

Develop a budget for the 15 weeks of the project using EStimes.

  1. The following represents a project with four activities. Alltimes are in weeks.

Activity

Immediate

Predecessor

Optimistic

Time

Most

Likely

Time

Pessimistic

Time

A

-

2

8

14

B

-

8

8

8

C

A

6

9

18

D

B

5

11

17

The critical path is BàD. The expected completion time is 19days.   Assume the normal distribution is appropriate touse to determine the probability of finishing by a particular time.What is the probability that the project is finished in 22 weeks ormore? (Round to two decimals.)

Answer & Explanation Solved by verified expert
4.3 Ratings (612 Votes)
Problem 1 Activity A B C D E F Activity time 3 4 2 5 3 6 Predecessor A B C B D Activity Cost 3000 6000 7000 9000 3000 8000 Activity Cost per day 1000 1500 3500 1800 1000 1333333 Earliest Start Time 0 0 3 4 5 9 Period Cost schedule    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students