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

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Operations Management

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.
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 BÃ D. The expected completion time is 19days.Â Â 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

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

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Operations Management

Answer & Explanation Solved by verified expert

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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

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