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Assignment2

# Assignment2 - Question 1 1.1 2 A=5 E=9 1 B=9 3 F = 12 6 8...

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Question 1 1.1) 1.2) The critical path is C, G, H which takes 26 days (11 + 10 + 5) There are 5 total paths. The other possible paths are: - A, D, I which takes 18 days - B, E, I which takes 23 days - B, F, J which takes 25 days - C, G, K which takes 25 days 1.3) The path A, D, I would then take 25 days 1.4) 2 3 4 5 6 1 A = 5 B = 9 C = 11 D = 8 E = 9 F = 12 7 G = 10 H = 5 9 8 I = 5 J = 4 10 K = 4 A Start 5 C 4 B 9 D 2 E 5 F 6 Finish * * *

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1.5) Task Earliest start time Earliest finish time Latest start time Latest finish time Total float A 0 5 0 5 0 B 5 14 5 14 0 C 0 5 13 18 5 D 5 7 18 20 13 E 4 9 15 20 11 F 14 20 14 20 0 Question 2 2.1 Activity Optimistic (a) Most Likely (m) Pessimistic (b) Expected (te) Standard Deviation (s) A 3 4 5 4 0.33 B 1 2 3 2 0.17 C 2 3 4 3 0.33 D 4 5 6 5 0.33 2.2) z = (4 - 5) / 0.33 z = -3.03 2.3) 99% 2.4) The framework for dealing with risk includes 4 stages: 1. Risk identification – where risks are identified using brainstorming, checklists, or casual mapping. 2. Risk analysis and prioritization – where you calculate the potential damage that can be caused by a risk, the probability of its occurrence, then use those values to calculate the risk exposure. The risk exposure is then used to prioritize the risks.
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