A Gentleman Farmer Maniacally Works on Academic Projects to Raise

question 5

Multiple Choice

A gentleman farmer maniacally works on academic projects to raise funds for his true passion,farming.He has identified seven tasks and developed three time estimates (all in days) of the next big project on the farm,replacing the fence at the comedy pasture.Tasks,precedence requirements,and time estimates are shown in the table.What is the probability that the project is completed in 31 days? $\begin{array}{|l|l|l|l|l|}\hline \text { Activity } & \begin{array}{l}\text { Optimistic } \\\text { time }\end{array} & \begin{array}{l}\text { Most Likely } \\\text { time }\end{array} & \begin{array}{l}\text { Pessimistic } \\\text { time }\end{array} & \text { Predecessor } \\\hline \text { Corner Posts } & 4 & 5 & 6 & \text { - } \\\hline \text { String Line } & 7 & 8 & 9 & - \\\hline \text { Dig Holes } & 10 & 12 & 14 & \text { Corner Posts } \\\hline \text { Plant Posts } & 11 & 14 & 17 & \text { String Line } \\\hline \text { Weld Top Bar } & 8 & 11 & 14 & \text { String Line } \\\hline & & & & \text { Dig Holes, Plant } \\ \text { Paint } & 9 & 11 & 13 & \text { Posts } \\\hline \text { Tack Wire } & 9 & 12 &16& \text { Weld Top Bar } \\\hline\end{array}$

• A)0.055
• B)0.092
• C)0.125
• D)0.187

---

Definitions:

Corporate Strategy

The overall plan and direction of a company, focusing on achieving long-term objectives and competitive advantage.

Functional Strategy

A specific, focused plan aimed at achieving objectives and improving performance within a particular department or function of an organization.

Functional Strategy

A specific, detailed plan tailored to a department or unit within an organization, aimed at achieving the broader corporate strategies and goals.

Specific Area of Operations

Refers to a designated segment within an organization focused on a particular set of tasks, goals, or objectives, often with its specified strategies and responsibilities.