A Partially Solved PERT Problem Is Detailed in the Table

question 29

Essay

A partially solved PERT problem is detailed in the table below. Times are given in weeks.
a. Calculate the expected time for each activity. Enter these values in the appropriate column in the table above.
b. Which activities form the critical path?
c. What is the estimated time of the critical path?
d. What are the project variance and the project standard deviation?
e. What is the probability of completion of the project after week 40?

---

Definitions:

Installment Sales

Revenue recognition method allowing income to be realized at the time of sale but received through regular payments over time.

Contingent Liability

A potential financial obligation that may arise depending on the outcome of a future event.

Nontaxable Life Insurance

A type of life insurance policy where the proceeds paid on death or the cash value accumulation during the policyholder's lifetime are not subject to income taxes.

Warranty Expenses

Costs associated with the obligation to repair, replace, or remediate goods that have not met the selling criteria or customer expectations.