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Critical Thinking Activity This critical thinking activity integrates project management (chapter 10) with knowledge of variation amp; standard...
Complete the following tasks
- Draw the project network
- Compute the ES, EF, LS, LF, and slack for all activities
- Identify the critical paths. There are TWO!
- Report the expected completion time and standard deviation for each path.
- Decide which standard deviation must be used for estimating probability of completion times. Justify your decision.
- Use the mean and standard deviation to estimate the probability that the project can be finished within 55 days of when it is started.
- Post a message to this week's DB and include:a) activities, duration, and standard deviation for each critical path,b)justification for your decision on which standard deviation to use (#5 above),c) your calculation and final answer to the probability question.