Essay
A company has used PERT for a project and wants to minimize the probability of overrunning a contract deadline of 30 weeks.Three paths of concern in the PERT network have these mean durations and variances in weeks:
a.What is the Z-score for path 1?
b.What is the probability of path 2 overrunning the deadline?
Correct Answer:
Verified
a.Z = (T - D)/Std.dev.of path
Path 1: Z ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
Path 1: Z ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q19: A company has developed a project using
Q20: Explain the stages of the project life
Q22: Explain the role of the project managers
Q22: Explain the three time estimates used to
Q24: A company has a PERT project with
Q25: Which step in the project management process
Q26: The network below represents a project being
Q27: The following network shows the activities on
Q28: Consider the project network and data shown
Q65: The Critical Path Method (CPM) allows for