Explore BrainMass
Share

Explore BrainMass

    Quantitative analysis:PERT and CPM.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    See attached file for clarity.

    9 The following table represents a plan for a project:

    TIMES (DAYS)
    JOB NO. P PREDECESSOR JOB(S) a m b
    1 - 2 3 4
    2 1 1 2 3
    3 1 4 5 12
    4 1 3 4 11
    5 2 1 3 5
    6 3 1 2 3
    7 4 1 8 9
    8 5, 6 2 4 6
    9 8 2 4 12
    10 7 3 4 5
    11 9, 10 5 7 8

    a. Construct the appropriate network diagram.

    b. Indicate the critical path.

    c. What is the expected completion time for the project?

    d. You can accomplish any one of the following at an additional cost of $1,500:
    (1) Reduce job 5 by two days.
    (2) Reduce job 3 by two days.
    (3) Reduce job 7 by two days.
    If you will save $1,000 for each day that the earliest completion time is reduced, which
    action, if any, would you choose?

    e. What is the probability that the project will take more than 30 days to complete?

    © BrainMass Inc. brainmass.com October 10, 2019, 1:00 am ad1c9bdddf
    https://brainmass.com/business/project-management/quantitative-analysis-pert-and-cpm-317028

    Attachments

    Solution Summary

    The problem set deals with issues in quantitative analysis: Network analysis.

    $2.19