Please type in doc or hand-write the working steps on paper for each problem. WRITE LEGIBLY. please show the working steps. There are 4 questions with sub-sections.
Activity
Immediate
Predecessors
Optimistic Time (days)
Most Likely time (days)
Pessimistic Time (days)
Standard Deviation
Variance
A
-
4
8
12
B
2
3
C
A,B
5
10
15
D
7
E
6
F
Show working steps. (Total points: 20)
Immediate Predecessors
Duration in days
Number of painters used
3) Consider the precedence chart given below. Give the sequence of crashing for 5 days. Compute the extra cost incurred because of crashing by 5 days.
Normal Time (days)
Crash Time
(days)
Normal Cost ($)
Crash Cost ($)
200
500
300
800
1200
400
600
1000
1600
4)Susan Holmes, an IT Project Manager, recorded the project durations of the banking software projects that she had undertaken in the past. The data is given below:
Project Duration (in months)
% of projects
35%
30%
14
15%
18
20%
Susan generated random numbers: 31, 46, 82, 77, and 12. For the random numbers generated, estimate the project durations by performing Monte Carlo simulation analysis.
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