A Gentleman Farmer Maniacally Works on Academic Projects to Raise

question 21

Multiple Choice

A gentleman farmer maniacally works on academic projects to raise funds for his true passion,farming.He has identified seven tasks and developed three time estimates (all in days) of the next big project on the farm,replacing the fence at the comedy pasture.Tasks,precedence requirements,and time estimates are shown in the table.What is the probability that the project is completed in 31 days? $$\begin{array} { | l | l | l | l | l | } \hline \text { Activity } & \begin{array} { l } \text { Optimistic } \\\text { time }\end{array} & \begin{array} { l } \text { Most Likely } \\\text { time }\end{array} & \begin{array} { l } \text { Pessimistic } \\\text { time }\end{array} & \text { Predecessor } \\\hline \text { Corner Posts } & 4 & 5 & 6 & - \\\hline \text { String Line } & 7 & 8 & 9 & - \\\hline \text { Dig Holes } & 10 & 12 & 14 & \text { Corner Posts } \\\hline \text { Plant Posts } & 11 & 14 & 17 & \text { String Line } \\\hline \text { Weld Top Bar } & 8 & 11 & 14 & \text { String Line } \\\hline \text { Paint } & 9 & & & \text { Dig Holes, Plant } \\\hline \text { Tack Wire } & 9 & 12 & 16 & \text { Posts } \\\hline\end{array}$$

• A) 0.055
• B) 0.092
• C) 0.125
• D) 0.187

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Definitions:

Stakeholders

Individuals or groups with an interest in a company's operations and outcomes, including employees, customers, investors, suppliers, and the community.

Environmental Risks

Potential threats and uncertainties to the environment resulting from human activities or natural processes that may cause harm to living organisms and ecosystems.

Consumer Perceptions

Consumer perceptions are the attitudes, beliefs, and impressions that consumers have towards a product, brand, or service, influencing their purchasing decisions.

Relationship and Image Costs

Relationship and Image Costs entail the expenses associated with building and maintaining relationships with stakeholders and the cost of developing and preserving a company's public image.