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Consider the Following Work Breakdown Structure What Is the Probability That This Project Will Be Completed

question 106

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Consider the following work breakdown structure:  Time Estimates (days)   Activity  Precedes  Optimistic  Most Likely  Pessimistic  Start  A, B, C  A  D 385062 B  E 9099108 C  End 85100115 D  F 192531 E  End 91100115 F  End 626568\begin{array}{l}\begin{array} { c c c c c } &&&\text { Time Estimates (days) }\\\text { Activity } & \text { Precedes } & \text { Optimistic } & \text { Most Likely } & \text { Pessimistic } \\\hline \text { Start } & \text { A, B, C } & - & - & - \\\text { A } & \text { D } & 38 & 50 & 62 \\\text { B } & \text { E } & 90 & 99 & 108 \\\text { C } & \text { End } & 85 & 100 & 115 \\\text { D } & \text { F } & 19 & 25 & 31 \\\text { E } & \text { End } & 91 & 100 & 115 \\\text { F } & \text { End } & 62 & 65 & 68\end{array}\end{array} What is the probability that this project will be completed within 205 days?


Definitions:

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A measure of the quality of service provided by a business, often evaluated against customer expectations or industry standards.

Single-Period Order Model

A decision-making tool used in inventory management for products with a limited lifespan, focusing on optimizing order quantities for a single selling period.

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The process of determining the optimal quantity and timing of orders for products or materials to meet demand while minimizing costs.

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