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A Company Wants to Develop a Project Using PERT to Modify

question 1

Essay

A company wants to develop a project using PERT to modify one of their products which has poor sales. They have determined the following activities, precedence relationships and time estimates in days for the project:
 Immediate  Optiristic  Most Likely  Pessimistic  Activity  Predecessors  t o t m t p a  mone 467 b  a 123 c  a 555 d  b 7912 E  b 248 f  c, d 6910\begin{array} { c c c c c } & \text { Immediate } & \text { Optiristic } & \text { Most Likely } & \text { Pessimistic } \\\text { Activity } & \text { Predecessors } & \text { t }_o & \text { t }_m & \text { t }_p \\\hline \text { a } & \text { mone } & 4 & 6 & 7 \\\text { b } & \text { a } & 1 & 2 & 3 \\\text { c } & \text { a } & 5 & 5 & 5 \\\text { d } & \text { b } & 7 & 9 & 12 \\\text { E } & \text { b } & 2 & 4 & 8 \\\text { f } & \text { c, d } & 6 & 9 & 10\end{array}
a. What is the expected duration for activity a?
b. What is the variance for activity d?
c. How many paths are there in the network?
d. What is the earliest start ES) time for activity e?
e. What is the slack in days for activity b?f. What is the critical path
g. What is the duration of the critical path in days
h. What is the standard deviation of the critical path
i. What is the probability that the project will take longer than 28 weeks to complete?


Definitions:

Employees' Control

The extent to which workers have power or influence over their work environment and decision-making processes.

Variable Salary

A compensation structure where a portion of an employee's pay is based on some form of performance measure, leading to fluctuations in earnings.

Labor Market

The supply and demand for labor, where employers seek to hire workers and workers look for jobs.

High-Quality Workers

Employees who possess superior skills, expertise, and work ethic, contributing positively to an organization's objectives.

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