Consider a Project Having the Following Ten Activities

question 22

Essay

Consider a project having the following ten activities:
Optimistic Most likely Pessimistic
Immediate Time (o)Time (m)Time (p)
Activity Predecessors (weeks)(weeks)(weeks)
A none 1 5 9
B A 6 6 6
C A 3 5 9
D A 2 4 6
E B, C 4 4 4
F D 4 7 8
G E 2 2 8
H E, F 7 8 9
I F 4 6 9
J G, H, I 3 5 7
(a)What is the expected time for each activity?
(b)What is the expected project completion time?
(c)What is the critical path?
(d)What is the variance for each activity?
(e)What are the expected time and variance of each path?
(f)What is the probability that the project will be completed in less than 30 weeks?

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Definitions:

Creative Behaviour

Involves actions aimed at generating new ideas, processes, or solutions within a given context or field.

Identity Shift

A process by which an individual's self-perception and presentation to others change, often due to new experiences or roles.

Open Innovation

A business management model that encourages companies to acquire external ideas and internal inventions to accelerate innovation and market adoption.

In-house R&D

Research and Development activities carried out within an organization, as opposed to outsourcing or external collaborations.