Problem:
Contract requirements state that a project must be completed within 180 working days, or it will incur penalties for late completion. Analysis of the activity network reveals an estimated project completion time of 145 working days with a project variance of 400.
Required:
Question 1) What is the z value for the target completion time of 180 working days? Find the closest value.
a. 0.09
b. 0.53
c.1.53
d.1.75
Solve the problem and show all work.