Hanover Toys, Inc. is interested in developing and marketing Lover’s Baskets as a specialty gift product. The preliminary idea is that the baskets would have a teddy bear centerpiece on a bed of...

Hanover Toys, Inc. is interested in developing and marketing Lover’s Baskets as a specialty gift product. The preliminary idea is that the baskets would have a teddy bear centerpiece on a bed of wrapped gourmet chocolates, cakes, and petite fours. The basket would be wrapped in colored cellophane and tied with a fancy bow that includes a fresh rose. The table for problem 26 is a simplified analysis of the project components.

a. What is the expected completion time of the project? What is the critical path?

 b. Which activities have the most flexibility in scheduling?

 c. The company would like to complete the entire project within three months (13 weeks). What is the probability it will be able to meet this target date?