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Practice Questions - Project Management

# Practice Questions - Project Management - Practice...

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Practice Questions: Project Management 1. Task Immediate Predecessor(s) Optimistic Most Likely Pessimistic μ σ 2 Cost to crash (in weeks) (in weeks) (per week) A - 1 5 6 4.50 0.69 \$24,000 B - 4 5 6 5.00 0.11 \$20,500 C A 5 7 9 7.00 0.44 \$23,400 D A , B 4 8 9 7.50 0.69 \$21,250 E B 2 3 4 3.00 0.11 \$30,500 F C , D 2 5 5 4.50 0.25 \$23,075 G D , E , H 1 2 6 2.50 0.69 \$25,000 H - 6 9 9 8.50 0.25 \$22,500 1) Which is the critical path in the above project? 2) What is the late finish time of task G? 3) What is the slack of task E? 4) What is the probability that this project will be completed within eighteen weeks? 5) What should be the bid date for this project, so that the probability it will be completed on time is at least 5%? 6) If you had to crash this project by two weeks, which tasks would you crash each by only one week to minimize the crash cost and what would be the crash cost? 2. Task Immediate Predecessor(s) Optimistic Most Likely Pessimistic μ σ 2 (in weeks) (in weeks) A - 2 3 4 3 0.11

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Practice Questions - Project Management - Practice...

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