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Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems.

Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapes data from a collection of websites and then automatically generates a report for management on a daily basis.

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1.Based solely on the critical path, estimate the probability that the project will be completed within 10 weeks. (If required, round your answers to two decimal places.) 


a) Identify the expected time and variance for:

Activity A; ____ ____

Activity B: ____ ____

Activity C: ____ ____


b) σ² = _______


c) z = . ________


d) Cumulative probability = . _______


2. Using all paths through project network, estimate the probability that the project will be complete within 10 weeks. 


a) Expected time = _____


b) σ² = ______

c) z = ______


d) Cumulative probability = _____


e) P (entire project completed) = ______

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