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:

Drunk Driver

An individual who operates a vehicle under the influence of alcohol, posing significant risks to safety and public health.

Economic Efficiency

A situation where resources are allocated in the most effective way from the standpoint of societal welfare.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing one option over another.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available for everyone to consume without diminishing their availability to others, such as public parks and national defense.