Consider the Table Below with Information Regarding Each Activity, Immediate

question 41

Essay

Consider the table below with information regarding each activity, immediate predecessors, and duration estimates (in minutes) for each activity.

a. Using the PERT distribution in ASP to represent the duration of each activity, construct a simulation model to compute the total time to complete the task.
b. What is the expected duration of the entire project? What is the standard deviation of the project duration?
c. What is the likelihood that the project will be complete in 26 minutes?

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Definitions:

Confidence

The degree of certainty or assurance an individual has in their abilities or in the outcome of a situation.

Statistical Control

A methodology within statistical process control that uses statistical techniques to monitor and control a process, ensuring it operates at its full potential.

X-bar

A symbol representing the mean of a sample in statistical processes, commonly used in control charts to monitor process performance.

R-charts

Control charts used to monitor the range within a sample, helping to identify variability in a process over time.