A Partially Solved PERT Problem Is Detailed in the Table

question 119

Essay

A partially solved PERT problem is detailed in the table below.Times are given in weeks.
a.Calculate the expected time for each activity.Enter these values in the appropriate column in the table above.
b.Which activities form the critical path?
c.What is the estimated time of the critical path?
d.What are the project variance and the project standard deviation?
e.What is the probability of completion of the project after week 40?

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Definitions:

Planning Phase

The first stage in the process of project management or strategic planning, involving the setting of goals and outlining the steps to achieve them.

Strategic Marketing Process

An organized approach to identifying customer needs, crafting marketing strategies to meet those needs, and implementing actions to achieve marketing objectives.

Marketing Plans

Strategic outlines that detail the advertising and marketing efforts for a specific period of time to achieve business objectives.

Marketing Mix Strategies

The application of marketing 4Ps (product, price, place, promotion) to create an effective strategy to meet customer needs.