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The Porsche Shop, founded in 1985 by Dale Jensen, specializes in the restoration of vintage...

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Accounting

The Porsche Shop, founded in 1985 by Dale Jensen, specializes in the restoration of vintage Porsche automobiles. One of Jensen's regular customers asked him to prep an estimate for the restoration of a 1964 model 356SC Porsche. To estimate the time and cost to perform such a restoration, Jensen broke the restoration process into four separate activities: disassembly and initial preparation work (A), body restoration (B), engine restoration (C), and final assembly (D). Once activity A has been completed, activities B and C can be performed independently of each other; however, activity D can be started only if both activities B and C have been completed. Based on his inspection of the car, Jensen believes that the following time estimates (in days) are applicable: Activity Optimistic Most Probable Pessimistic A 3 4 8 B 5 8 11 C 1 4 7 D 4 6 14 Jensen estimates that the parts needed to restore the body will cost $4000 and that the parts needed to restore the engine will cost $5000. His current labor costs are $500 a day. Which project network is correct? (i) (ii) (iii) (iv) Network (iii) What is the expected project completion time? Critical Path: A-B-D If

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