The Global Tea and Organic Juice companies have merged_Assignment_Risk mgt.docx

# The Global Tea and Organic Juice companies have merged_Assignment_Risk mgt.docx

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1. The Global Tea and Organic Juice companies have merged. The following information has been collected for the “Consolidation Project.” 1. Compute the expected time for each activity. 2. Compute the variance for each activity. Activity Opt. (a) Ml. (m) Pess. (b) t e Variance Critical? 1 16 19 28 20 4 x 2 30 30 30 30 0 3 60 72 90 73 25 4 18 27 30 26 4 5 17 29 47 30 25 x 6 4 7 10 7 1 7 12 15 18 15 1 x 8 6 12 24 13 9 x 9 18 27 30 26 4 10 20 35 50 35 25 11 40 55 100 60 100 12 11 20 29 20 9 x 13 14 23 26 22 4 14 13 16 19 16 1 x 15 0 0 0 0 0 2. Compute the expected project duration. 114 days 4. What is the probability of completing the project by day 112? Within 116 days?

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