1 program the project management problem below and solve it


1. Program the project management problem below and solve it with the use of POM. Select Project Management(PERT/CPM) module, and then select the option File->New->Mean, Stddev given items.

Activity

Mean duration

Std. dev. (days)

A

11

0.9

B

13

1.1

C

7

0.2

D

9

0.8

E

6

1

F

7

1.2

G

10

0.7

H

9

0.6

I

8

0.8

Table 1: Activity, duration and standard deviation

To answer this question:

Answer each question and explain your reasoning or show your calculations.

1. Calculate the project completion time.

2. Indicate the critical path activities.

3. What is the probability of completing this project between 38 and 40 days?

4. What are the slack values for activities C and F? Interpret the meaning of their slack values.

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Accounting Basics: 1 program the project management problem below and solve it
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