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Consider the Following Work Breakdown Structure What Is the Estimated Expected (Mean) Time for Project Completion

question 28

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Consider the following work breakdown structure:  Time Estimates (days)   Activity  Precedes  Optimistic  Most Likely  Pessimistic  Start  A, B  A  C, D 445056 B  D 456075 C  E 424548 D  F 314049 E  F 273639 F  End 587082\begin{array}{l}\begin{array} { l 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 } & - & - & - \\\text { A } & \text { C, D } & 44 & 50 & 56 \\\text { B } & \text { D } & 45 & 60 & 75 \\\text { C } & \text { E } & 42 & 45 & 48 \\\text { D } & \text { F } & 31 & 40 & 49 \\\text { E } & \text { F } & 27 & 36 & 39 \\\text { F } & \text { End } & 58 & 70 & 82\end{array}\end{array} What is the estimated expected (mean) time for project completion?


Definitions:

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more accurate reflection of the costs incurred.

Highlight

A highlight is a feature or element that is emphasized or made more noticeable, often used to draw attention to a specific point or detail.

Cost of Services

Expenses directly related to the delivery of services, including labor, materials, and overhead costs.

Direct Labor Hours

The total time workers or employees spend creating a product or providing a service, often used in cost accounting.

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