A Partially Solved PERT Problem Is Detailed in the Table

question 36

Essay

A partially solved PERT problem is detailed in the table below. Times are given in weeks.
(a) Calculate the expected time and variance for each activity. Enter these values in the appropriate columns 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 before week 42?

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Definitions:

Operating Activities

The principal revenue-producing activities of an entity and other activities that are not investing or financing activities.

Statement Of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Non-Current Assets

Assets that are expected not to be converted into cash within a year and are long-term resources of a company, such as property, plant, and equipment.

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.