Q: Given the project in Exercise 5.6, simulate the completion
Given the project in Exercise 5.6, simulate the completion of the project 1000 times, assuming that the activity times follow a normal distribution and that the time estimates are made at the 95 perce...
See AnswerQ: The project referred to in Exercise 5.11 has been partially
The project referred to in Exercise 5.11 has been partially completed. Task a required 4 weeks, task b 9 weeks, task c 4 weeks, and task d 5 weeks. Update the simulation model you developed for Exerci...
See AnswerQ: The following activities were listed during a brainstorming session on product development
The following activities were listed during a brainstorming session on product development. Find the appropriate predecessor-successor relationships and then construct an AON network to reflect the pr...
See AnswerQ: Refer to Table 5-4 and Figure 5-14.
Refer to Table 5-4 and Figure 5-14. Recalculate the variance for each activity on the assumption that the optimistic and pessimistic estimates were made with a 95 percent probability. Recalculate the...
See AnswerQ: Refer to Table 5-4 and Figure 5-14.
Refer to Table 5-4 and Figure 5-14. Recalculate the variance for each activity on the assumption that the optimistic and pessimistic estimates were made with a 90 percent probability. Again, recalcula...
See AnswerQ: Given the information in the following table: /
Given the information in the following table:
See AnswerQ: In the following table, task durations are given in weeks.
In the following table, task durations are given in weeks. The estimates were made at the 95 percent level (see Section 5.2, Calculating Probabilistic Activity Times subsection).
See AnswerQ: Given an auditing project with the following activities: /
Given an auditing project with the following activities:
See AnswerQ: Resolve the previous exercise using computer simulation and compare your answers.
Resolve the previous exercise using computer simulation and compare your answers. Explain any differences you observe. Which methodology do you have more confidence in and why?
See AnswerQ: Referring to the previous two questions, modify your simulation model to
Referring to the previous two questions, modify your simulation model to develop distributions for the slack time of each path. What do these distributions tell you?
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