Use the Values in the Table to Calculate Activity Durations

question 97

Essay

Use the values in the table to calculate activity durations and variances for the project.What is the likelihood of finishing this project within 47 days?
$$\begin{array} { | l | l | l | l | l| } \hline \text { Activity } & \text { Predecessor } & \text { Optimistic } & \text { Likely } & \text { Pessimistic } \\\hline \mathrm { A } & - & 5 & 8 & 11 \\ \hline\mathrm { B }&\mathrm { A } & 15 & 20 & 25 \\\hline \mathrm { C } & \mathrm { A } & 7 & 9 & 12 \\\hline \mathrm { D } & \mathrm { A } & 12 & 16 & 20 \\\hline \mathrm { E } & \mathrm { B } , \mathrm { D } & 3 & 11 & 15 \\\hline \mathrm { F } & \mathrm { C } & 13 & 17 & 22 \\ \hline \mathrm { G } & \mathrm { CE } , \mathrm { F } &8 & 9 & 10\\\hline\end{array}$$

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Definitions:

Organizational Objectives

The specific goals a company aims to achieve within a defined period, guiding its operations and strategic directions.

Strategic Objectives

Specific, measurable goals set by an organization to guide its direction and performance over a defined period, aligned with its overall mission and vision.

Costs to Individuals

Expenses or losses borne by individuals, potentially including financial, emotional, or health-related costs in various contexts.

Downsizing Strategy

A corporate strategy involving the reduction of a company's workforce to improve its financial performance or adapt to changing market conditions.