Business, 05.03.2020 17:23 s1871407

Further to Chris Tomasso’s expression of surprises, the company has now decided to work on three time estimates in lieu of the deterministic time estimates used before. The company is confident that while the Most Likely Time estimate for each activity will follow the current activity time presented in column #4 for the same activity, the Optimistic Time estimate will be 25% lower than the Most Likely Time Estimate, and the Pessimistic Time will be 40% more than the Most Likely Time Estimate. For instance, activity A that has Most Likely Time estimate of 7 weeks will have an Optimistic Time estimate of 5.25 weeks (7 x 0.75 = 5.25 weeks) and Pessimistic Time estimate of (7 X 1.4 =9.8 weeks). Complete an appropriate chart to show the (a) critical path on an AOA Network, (b) project completion time, (c) probability that project will be completed in less than 33 weeks?

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