Computerized PERT/CPM reports and charts do NOT include
A. variance reports
B. cost distribution tables
C. probability estimates for on-time completion
D. detailed cost breakdowns for each task
Probability estimates for on-time completion
When the PERT/CPM report is generated through computer then that does not include probability estimates for on-time completion.
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Computerized PERT/CPM reports and charts do NOT include A. variance reports B. cost distribution tables C....
Must use AOA PERT/CPM Manual Calculations and show Networks. 10. A farm owner is going to erect a maintenance building with a connecting electrical generator and water tank. The activities, activity descriptions, and estimated durations are given in the following table: Activity Activity Activity Activity Description Predecessor Time Excavate Erect building Install generator Install tank Install maintenance equipment Connect generator and tank to building b.c,d Paint finish Η Check out facility Construct the network for this project and calculate the...
Question 85 There are various similarities between the CPM and PERT methods. Which of the following is not one of those similarities? o a. Both require a detailed network of the project that clearly indicates each of the main activities and the precedence relationship among the activities. o b. Any project can be broken down into component activities that must be accomplished in a specific order. oc. Any project can be broken down into component activities that require different amounts...
16) A partially solved PERT problem is detailed in the table below. Times are given in weeks. Optimisti Activity Preceding Time Probable Pessimistie Expected Time Time Time Variance 10 8 19 20 - 니다 4-ww0 8 16 14 1 2.79 276 G + - 5 (a) Calculate the expected time and variance for each activity. Enter these values in the appropriate columns in the table above. (b) Which activities form the critical path? (c) What is the estimated time of...
2. You are in charge of planning and coordinating next fall's sales management training program ur company. You have never done this before, but you decided to use the lessons from for yo your BUS 190 class to develop a table of tasks to be done, their immediate predecessors, and the most pessimistic, optimistic, and frequent times for each task. The table you developed is below: Task completion time estimate (weeks) Most Immediate Variance Task Predecessor Optimistic probable Pessimistic Mean...
Pert project method Activity Predecessors A group 5 optimistic Most likely Pessimistic Expected Variance a m b Time (t) o 2 3 2 1 B с D NWN mlm A 1 A,B 2 4 1 6 7 9 F 1 с с DE F,G 4 2 5 3 G 4 12 H 2 4 From the table above find the flowing answers. 1. Construct the project Network 2. Find the expected duration and Variance of each activity 3. Find the...
1. Which of the following best describes the relationship between cost and accuracy in forecasting? a. low cost methods are always less accurate b. statistical methods are more costly and more accurate c. there is a trade‑off between cost and accuracy d. cost should not be considered in business forecasting 2. Decision models are applicable when a. there is only one alternative b. there are multiple states of nature c. there is only one state of nature d. there are...
A partially solved PERT problem is detailed in the table below. Times are given in weeks. Activity Preceding Optimistic Time Probable Time Pessimistic Time Expected Time Variance A -- 7 9 14 1.361 B A 2 2 8 0 C A 8 12 16 0 D A 3 5 10 1.361 E B 4 6 8 0 F B 6 8 10 0 G C, F 2 3 4 0 H D 2 2 8 1.000 I H 6 8...
Given all the information in the table, use PERT/CPM to help Mr. Hawthorne address to the following questions. A. Create the network diagram representing the problem. B. What is the total time expected to be required to complete the project if no delays occur? C. What are the earliest and latest start and finish times for the individual activities required to meet the expected project completion time provided in question B (show your method for determining this)? D. Which are...
Do the following a) draw the pert nert work resulting from the above information b) draw the Gantt chart from the same information above c) state the paths in the PERT network and determine the critical path d) what is the minimum number of weeks the project will take to be complete d) what is the maximum cost that the project will take to be completed e) give two advantages and disadvantage of using the Gantt chart as a planning...
PERT Analysis: The following represents a project with four activities. All times are in weeks. Activity Immediate Predecessor Optimistic Time Most Likely Time Pessimistic Time A - 3 8 14 B - 8 8 8 C A 6 9 18 D B 6 11 17 According to the data in the above Table: What is the critical path? What is the minimum expected completion time for the project? According to the above Table, there are four activities in the project....