Submitted By jprentiss530
Words 2493
Pages 10
1) Please identify the critical path using the activity letter provided and explain the significance of the critical path.

The QSB output below shows the critical path. The path is significant because it demonstrates the path that is the most time consuming (longest to finish), as the activities on the critical path have no slack. The completion of each activity in this sequence is critical to the start of the next activity in the sequence. There is likely a “bottle neck” with one or more of these activities that contribute to the critical paths long finish time.

2) With respect to the total project what is the best estimate of:
[pic]
A) the expected project completion time?
The project is expected to be completed in 448.0 Days as shown by the QSB run above.

B) the most-likely project-completion time?
The probability analysis output shows that the probability of finishing in 474 is most likely to happen.

C) the variance of the project completion time?
The standard deviation of the expected project completion time of 448 days is -5.4874. Therefore the variance = 5.4874^2 or 30.1116

Also, one by one please discuss briefly the specific statistical assumptions if any that you made to answer questions 1a, 1b, and 1c.

3) Please create the fully labeled network diagram for the project using the activity letters provided as labels and explain its usefulness in managing this project. What information and insights does the labeled work diagram provide?

[pic]

The network diagram shows the different relationships and inter-dependencies between the activities that must be completed before the book can be sold. The diagram also shows the earliest start and finish in green; as well as the latest start and finish time in purple for each individual activity. The network diagram also…...

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