Given the Following Network with Activities and Times Estimated in Days

question 4

Essay

Given the following network with activities and times estimated in days, $$\begin{array}{l}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\text { Most }\\\begin{array} { c c c c } \text { Activity } & \text { Optimistic } & \text { Probable } & \text { Pessimistic } \\\hline \text { A } & 2 & 5 & 6 \\\text { B } & 1 & 3 & 7 \\\text { C } & 6 & 7 & 10 \\\text { D } & 5 & 12 & 14 \\\text { E } & 3 & 4 & 5 \\\text { F } & 8 & 9 & 12 \\\text { G } & 4 & 6 & 8 \\\text { H } & 3 & 6 & 8 \\\text { I } & 5 & 7 & 12 \\\text { J } & 12 & 13 & 14 \\\text { K } & 1 & 3 & 4\end{array}\end{array}$$
a.What are the critical path activities?
b.What is the expected time to complete the project?
c.What is the probability the project will take more than 28 days to complete?

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Definitions:

IFRS

International Financial Reporting Standards are a set of accounting standards developed by the International Accounting Standards Board that are becoming the global standard for the preparation of public company financial statements.

Interim Financial Statements

Financial reports prepared and presented for periods shorter than a fiscal year, such as quarterly or half-yearly, to provide timely information to decision-makers.

Interim Financial Reports

Financial statements that are reported on a less than annual basis, typically quarterly, to provide a continuous view of a company's financial health.

Statement of Comprehensive Income

A financial statement that displays all changes in equity during a period except those resulting from investments by and distributions to the company's owners.