Project Management Terms To Remember: See LMS Account Ef Es + T Ls LF - T
Project Management Terms To Remember: See LMS Account Ef Es + T Ls LF - T
Project Management Terms To Remember: See LMS Account Ef Es + T Ls LF - T
Solution:
Step 1: Compute for the expected time and variances.
Show the summary table on expected times and the variance of the activities.
Expected times:
10+4(15)+26
𝑡𝐴 = = 16 𝑡𝐵 = 11 𝑡𝑐 = 5 𝑡𝐷 = 12 𝑡𝐸 = 2 𝑡𝐹 = 4 𝑡𝐺 = 2 𝑡𝐻 = 2 𝑡𝐼 = 4 𝑡𝐽 = 2
6
Variances:
26−10 2
𝛿𝐴2 = ( ) = 7.13 𝛿𝐵2 = 2.78 𝛿𝐶2 = 0.11 𝛿𝐷2 = 0.44 𝛿𝐸2 = 0.11 𝛿𝐹2 = 2.78 𝛿𝐺2 = 0.11 𝛿𝐻2 = 0.11 𝛿𝐼2 = 0.11 𝛿𝐽2 = 0.11
6
Summary table on expected times and variances for AUS company
Step 2: Construct the network diagram
Activity
time
Step 4: Determine the earliest start time and earliest finish time using forward pass and formula EF = ES + t
A 0 16+0 =16
Example:
16
For C,E,F, G, H, I,J select
the highest EF in its
corresponding
predecessor
Example:
C, select between A&B
C 16 16+5 = 21
5
Step 5: Develop the latest finish time and latest start time using backward pass and formula LS = LF – t
*Start with the last activity.
Copy EF value to LF in the
last activity:
J 25 EF = 27
2 LS = LF – t =25 LF = 27
Solve for LS
Step 6:Compute for the slack of all activities using the formula Slack = LS – ES =LF – EF. Zero slack means critical path
E(t) = TA + TC + TG + TH + TJ = 16+5+2+2+2=27
(b) Solution for the probability that the project will be done given a 30-week deadline.
*Add the variance of the activities involved in the critical path answer: = 0.13+ 0.11 + 0.11 + 0.11 + 0.11 = 7.57
𝛿 = √𝛿 2 = √7.57 = 2.75
Solve for the z-test value:
T−E(t) 30−27
𝑧= 𝛿
= 2.73
= 1.09
Using z = 1.09 and the z-table, the probability of the project meeting 30 weeks deadline is 0.8641 0r 86.41%