Question

Given the information below, what is the probability that the critical path will be completed in 25 weeks? Time Estim...

Given the information below, what is the probability that the critical path will be completed in 25 weeks?

Time Estimates (Weeks)
Activity Optimistic Most Likely Pessimistic IP
A 1 4 7 None
B 5 6 7 None
C 2 4 6 B
D 4 16 10 A
E 4 6 14 A, C
F 6 8 16 B
G 1 5 9 D,E,F

The probability is less than 0.25.

The probability is between 0.5 to 0.75.

The probability is between 0.25 5o 0.5.

The probability is more than 0.75.

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Answer #1

The calculated values for expected duration, start, stop is shown below.

Activity Optimistic Most Likely Pessimistic IP Exp Var Start Finish
A 1 4 7 None 4 1 0 4
B 5 6 7 None 6 0.111111 0 6
C 2 4 6 B 4 0.444444 6 10
D 4 16 10 A 13 1 4 17
E 4 6 14 A, C 7 2.777778 10 17
F 6 8 16 B 9 2.777778 6 15
G 1 5 9 D,E,F 5 1.777778 17 22

The expected project duration is 22 weeks. However there are two critical paths. They have standard deviation of

ADG = 1.94 weeks

BCEG = 2.26 weeks

Using this, the z value for each of the paths are

(25-22)/1.94 = 1.54

(25-22)/2.26 = 1.32

This means their corresponding probabilities are

P(z = 1.54) = 0.9386

P(z= 1.32) = 0.9077

This makes the project completion probability about 90% or higher. This means the correct answer will be

The probability is more than 0.75

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