Consider the Following PERT/CPM Network with Estimated Times in Weeks

question 3

Essay

Consider the following PERT/CPM network with estimated times in weeks. The project is scheduled to begin on May 1. The three-time estimate approach was used to calculate the expected times and the following table gives the variance for each activity: ​
a.
Give the expected project completion date and the critical path.
b.
By what date are you 99% sure the project will be completed?

---

Definitions:

Produces At

The specific point or condition under which production occurs, focusing on the level of output and the resources used.

Low Cost

Refers to products or services that are offered at a minimal financial expense, making them accessible to a wider range of consumers.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than another.

Competitive World Market

A global economic environment where businesses compete across borders to offer the best products and services.