Use the Values in the Table to Calculate Activity Durations

question 4

Essay

Use the values in the table to calculate activity durations and variances for the project.Which path is critical? How closely should the other path be watched and why?
$$\begin{array} { | l | l | l | l | l |} \hline \text { Activity } & \text { Predecessor } & \text { Optirnistic } & \text { Likely } & \text { Pessimistic } \\\hline \text { A } & -- & 5 & 7 & 10 \\\hline B & \text { A } & 4 & 6 & 9 \\\hline \mathrm { C } & \text { A } & 10 & 13 & 18 \\\hline \mathrm { D } & \mathrm { B } & 3 & 11 & 15 \\\hline \mathrm { E } & \mathrm { C } , \mathrm { D } & 2 & \boldsymbol { 3 } & 5 \\\hline\end{array}$$

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Definitions:

Logistical Functions

The process of acquiring, creating, and delivering goods and services in the appropriate amounts to the consumer or ultimate location.

Facilitating Functions

include activities that help in the smooth execution of transactions and exchanges in the marketplace, such as logistics, financing, and information provision.

Purchasing Products

The process of acquiring goods or services to fulfill the needs or requirements of a business or consumer.

Resale

The act of selling a product or service to another party after it has been purchased from the original seller.