Exercises of Project Management Problem 1: assignment Given the following Time Chart and Network Diagram, find the Critical Path using ES-EF & LS-LF algorithm. Activity a m b t Variance A 2 3 4 B 1 2 3 C 4 5 12 D 1 3 5 E 1 2 3 Problem 2: A project has an expected completion time of 40 weeks and a standard deviation of 5 weeks. It is assumed that the project completion time is normally distributed. (a) What is the probability of finishing the project in 50 weeks or less? (b) What is the probability of finishing the project in 38 weeks or less? (c) The due date for the project is set so that there is a 90% chance that the project will be finished by this date. What is the date?
Problem 3: assignment Development of a new deluxe version of a particular software product is being considered. The activities necessary for the completion of this project are listed in the table below along with their costs and completion times in weeks.
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- Winter '20