Purchase Solution

Calculating Probability for Completing a Project

Not what you're looking for?

Ask Custom Question

Using the information provided in the table, the network diagram and the expected project completion time = 39 weeks (see attachment):

The critical path is A-B-D-G-H.

(a) Calculate the probability of completing the project in 36 weeks.

P(project ? 36) =

(b) Calculate the probability of completing the project in 40 weeks.

P(project ? 40) =

(Round your answers to 3 decimal places, the tolerance is +/-0.005).

Attachments
Purchase this Solution
Solution Summary

The solution provides the calculations for the probability of completing a project.

Solution Preview

Please see attachment for proper formatting.

(a) Calculate the probability of completing the project in 36 weeks.

Task / Optimistic time / Probable time / Pessimistic time / Expected ...

Solution provided by:
Chidi Ngene, M. Sc.
Education
  • B. Sc., University of Nigeria
  • M. Sc., London South Bank University
Recent Feedback
  • "Thank you."
  • "thank you Chidi Ngene.. if you have any APA references would be great"
  • "Thank you so much for your help, your explanations were easy to understand and apply!"
  • "are you able to highlight the equations used either on the xlsx or a word doc as to how each graph was formed- overall looks fine i just need help understanding this myself"
  • "Chidi Ngene, M. Sc. Was extremely helpful as without the help and guidance I would have failed, but with the help I passed. I still have a lot to learn and in need of the guidance to understand and learn more on the subject. I would recommend Chidi Ngene and BrainMass to anyone that are in need of help. Thank you!!"
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

View More Free Quizzes
Related BrainMass Solutions

  • A PERT problem: calculating variance of critical path

    Regards This posting contains a typical PERT problem with drawing the Network diagram, calculating Te, determining Critical path, and Variance of critival path and calculating Probability of completing the project in given time.

  • Calculating the desired probability value

    573653 Calculating the desired probability value The following information has been gathered for a project: TIME ESTIMATES (DAYS) Activity Immediate Predecessor(s) Most Optimistic Most Likely Most Pessimistic A ----

  • Calculating the expected completion time

    Select one: a. 34 b. 15 c. 20 d. 25 What is the probability of completing the project given in 22 days?

  • PDM/CPM Chart

    Solution shows calculations of: (a) The probability of completing this project in 12 weeks (or less), as the client desires. (b) The probability of completing this project in 13 weeks (or less).

  • CPM problem: Carshing the project

    b) What is the probability of completing the project in 35 weeks or less? c) If, simultaneously, activity E is shortened by 2 weeks and activity G is shortened by 1 week, what effect would this have on the completion date?

  • Detailed Project Plan

    are rewarded for completing the project on time.

  • Pert Problem- Completing project between 108 and 120

    Thanks The probability of completing a project between 108 and 120 days is determined for the Pert Project.

  • Project management: probability of completing all activities

    555142 Assume the project variance is 4 weeks. i. What is the probability that all the activities are completed within 19 weeks? ii. When is the due date if there is a 90% of completing all the activities?

  • NPV, Payback Period, IRR, Profitibility Index & Project NPV

    Calculating IRR for Cash Flows Year Project A Project B 0 −$4,600 −$3,500 1 $1,400 $1,250 2 $2,200 $1,800 3 $2,700 $1,600 Problem 4. Calculating profitability index of a project: Jeff plans to open a small health club.

View More Related Solutions