Consider the Following PERT/CPM Network with Estimated Times in Weeks

question 61

Essay

Consider the following PERT/CPM network with estimated times in weeks.The project is scheduled to begin on May 1. The three-time estimate approach was used to calculate the expected times and the following table gives the variance for each activity: $$\begin{array} { c c | c c } \text { Activity } & \text { Variance } & \text { Activity } & \text { Variance } \\\hline \text { A } & 1.1 & \mathrm { E } & 0.3 \\\text { B } & 0.5 & \mathrm {~F} & 0.6 \\\text { C } & 1.2 & \mathrm { G } & 0.6 \\\text { D } & 0.8 & \mathrm { H } & 1.0\end{array}$$
a.Give the expected project completion date and the critical path.
b.By what date are you 99% sure the project will be completed?

---

Definitions:

Book Value

The net value of a company's assets minus its liabilities and intangible items, as stated on the balance sheet.

Market Value

The market's current asking price for an asset or service.

Rental Income

Earnings received from leasing property to tenants.

Annual Taxes

Taxes that are assessed and paid once a year, commonly relating to income, property, or business revenues.