The expected times and variances for the project activities are given below. What is the probability of completing the project in 24 periods? Variance ID Description Predecessor [(b – a)/6P Pilot...

The expected times and variances for the project activities are given below. What is the probability of completing the<br>project in 24 periods?<br>Variance<br>ID<br>Description<br>Predecessor<br>[(b – a)/6P<br>Pilot production<br>Select channels of distrib.<br>Develop mktg. program<br>Test market<br>1<br>None<br>2<br>None<br>7<br>3<br>None<br>4<br>4<br>1<br>4<br>2<br>Patent<br>1<br>10<br>Full production<br>Ad promotion<br>Release<br>4<br>16<br>10<br>7<br>3<br>2<br>8<br>2,5,6,7<br>2<br>1<br>Z Value<br>Probability<br>Z Value<br>Probability<br>-2.0<br>-1.5<br>0.02<br>+2.0<br>0.98<br>0.07<br>+1.5<br>0.93<br>-1.0<br>0.16<br>+1.0<br>0.84<br>-0.7<br>0.24<br>+0.7<br>0.76<br>-0.5<br>0.31<br>+0.5<br>0.69<br>-0.3<br>0.38<br>+0.3<br>0.62<br>-0.1<br>0.36<br>+0.1<br>0.54<br>

Extracted text: The expected times and variances for the project activities are given below. What is the probability of completing the project in 24 periods? Variance ID Description Predecessor [(b – a)/6P Pilot production Select channels of distrib. Develop mktg. program Test market 1 None 2 None 7 3 None 4 4 1 4 2 Patent 1 10 Full production Ad promotion Release 4 16 10 7 3 2 8 2,5,6,7 2 1 Z Value Probability Z Value Probability -2.0 -1.5 0.02 +2.0 0.98 0.07 +1.5 0.93 -1.0 0.16 +1.0 0.84 -0.7 0.24 +0.7 0.76 -0.5 0.31 +0.5 0.69 -0.3 0.38 +0.3 0.62 -0.1 0.36 +0.1 0.54

Hints:<br>1. First calculate Activity time for each activity (done and GIVEN to you in the table above)<br>2. Then variance square for each activity (GIVEN to you)<br>3. Using the Activity Time and Predecessor information, Draw the project network diagram<br>4. Calculate Early start & Finish, Late start & Finish, Slack and find out the critical path duration and critical<br>activities.<br>5. Then find out the value of Z. While calculating the square root of variances, include the varaiances of critical<br>actvities only.<br>Ts<br>Z =<br>T<br>-<br>E<br>te?<br>6. Using the probability table given in the above, find out the corresponding percentage for the Z value calculated.<br>O a. 0.84<br>O b. 0.16<br>OC.- 1<br>

Extracted text: Hints: 1. First calculate Activity time for each activity (done and GIVEN to you in the table above) 2. Then variance square for each activity (GIVEN to you) 3. Using the Activity Time and Predecessor information, Draw the project network diagram 4. Calculate Early start & Finish, Late start & Finish, Slack and find out the critical path duration and critical activities. 5. Then find out the value of Z. While calculating the square root of variances, include the varaiances of critical actvities only. Ts Z = T - E te? 6. Using the probability table given in the above, find out the corresponding percentage for the Z value calculated. O a. 0.84 O b. 0.16 OC.- 1

Jun 11, 2022

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The expected times and variances for the project activities are given below. What is the probability of completing the project in 24 periods? Variance ID Description Predecessor [(b – a)/6P Pilot...

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