Login|Contact Us
Question and Answer

Homework

Ask a Homework Question, Get an Answer ASAP!

  • Ask A Question
  • Browse Answers
  • Meet The Experts
  • How JustAnswer Works

Need some help with a PERT/CPM problem. I have a table and

 
Muhammad Jawaad Ahmed's Avatar
  • Answered by:Muhammad Jawaad Ahmed
  • Chartered Accountant
  • Positive Feedback: 98.6 %
  • Accepted Answers: 1928
Verified Expert
in Homework

Recent Feedback

Positive
Very quick service
Positive
great response
Positive
Thank you!
Positive
Thank you I would love to use you again...
Positive
great, you are very good to work with. hope we can do it again soon.
Positive
Thank you verrry much
Positive
thank you so much
Positive
Great with everything i needed help with. Did everything I asked and more....
Positive
Thank you so very much for your help!!
Positive
thank you

Customer Question

<p>Need some help with a PERT/CPM problem. I have a table and the Given/Task scenario I attached a link to get the files, it would not fit into the question box due to charactor length. Table 1.1 in the attached worksheet “PERT/CPM Tables” shows three estimates of the time it will take Company A to complete each of the activities and project tasks in the customer-feedback system project (optimistic, probable, pessimistic).</p><p>2 ATTACHEMENTS:  <a href="http://www.mediafire.com/file/2niwg5rkx1d/Task%2520309.3.2-01-06.pdf">http://www.mediafire.com/file/2niwg5rkx1d/Task%2520309.3.2-01-06.pdf</a></p><p>http://www.mediafire.com/file/cuzdwttztjk/309_3_2-01-06_PERT_CPM_Tables_TSRPF_(2)(1).xls</p>

Submitted: 1029 days and 5 hours ago.
Category: Homework
Value: $70
Status: CLOSED

Accepted Answer

Picture
Expert:  Muhammad Jawaad Ahmed replied 1028 days and 19 hours ago.

 

 

 

Click here for solution

Expert TypeChartered Accountant
Category: Homework
Pos. Feedback: 98.6 %
Accepts: 1928
Answered: 6/12/2010

Experience: Doing Chartered Accountancy

Ask this Expert a Question >
Customer replied 1025 days and 6 hours ago.

Please revise? Calculations are a little off, below are the problems with the problem, but I can't figure out what the error is.

 

 

A2. PERT Chart

The PERT is correct. However, the critical path is not shown.

 

A4. Probability of Completing on Time

The work shown thus far is correct, but this is not the final result. Please reconsider final step(s).

 

C1. Activities to Be Crashed

Two of the tasks listed in this response are correct. Which two?

 

C2. Number of Weeks to Crash

Please revise based on the corrections to C1.

 

D. Least Increase in Cost

Though the response of 8834 is technically correct, the work shown does not support this response. Please revise once C1 and C2 are corrected and place close attention to units of measure.

Accepted Answer

Picture
Expert:  Muhammad Jawaad Ahmed replied 1024 days and 19 hours ago.

THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.

Expert TypeChartered Accountant
Category: Homework
Pos. Feedback: 98.6 %
Accepts: 1928
Answered: 6/16/2010

Experience: Doing Chartered Accountancy

Ask this Expert a Question >
Customer replied 1024 days and 1 hours ago.

<p>VERY close, everything else factors correctly, but there is one minor detail that needs correction in the Probability of Completing on Time section, I got this feedback:</p><p>"The .0793 or 7.93% achieved is correct. However, this must be added to something else to achieve the correct probability. Please reconsider."</p><p>I am not sure exactly what they are referring to, was hoping you might know.  Not sure if it is a terminology thing or what.  </p><p> </p><p>Thank you SO much for helping me with this! I will gladly pay for another full amount when complete. I could never have figured this one out without you.</p>

Picture
Expert:  Muhammad Jawaad Ahmed replied 1023 days and 10 hours ago.

I am sure that the 0.5 to be used, but not sure whether to add or subtract .0793 from 0.5.

Customer replied 1023 days and 9 hours ago.

My mentor gave me an example. He said the .0793 or 7.93% is correct, it is something else.....

 

 

QAT1 Task 4

Calculating probability of completion by week Y

Steps,

  • 1. Determine week Y (the week targeted for completion).
  • 2. Find your expected time to completion from the critical path, E(T).
  • 3. Calculate your variances for each activity, 12σi2' type="#_x0000_t75">where i = activity A, B, C, etc..
  • 4. Calculate variance for critical path from steps 3, 12σ2=σA2+σC2+σF2+σG2+σM2' type="#_x0000_t75">. Assuming A, C, F, G, M is the critical path.
  • 5. Calculate standard deviation, 12σ=σ2' type="#_x0000_t75">, from step 4.
  • 6. Calculate z statistic from steps 1, 2, and 5. 12z= Y-E(T)σ' type="#_x0000_t75">
  • 7. Find probability in standard normal table.
  • a. Note, in this standard normal distribution table the z stat provides the probability between Y and E(T) and therefore needs to have the probability of completion being less than E(T) (= 0.5)added.
  • b. Note, in this standard normal distribution table, the probability that completion time will be less than Y is given.

 

 

 

Example.

 

Consider a project that has a critical path of A, F, H, K and an expected time, E(T) = 20 weeks.

 

The variances for each activity are: 12σA2=1.5;σF2=2.25;σH2=1.25;σK2=4' type="#_x0000_t75">.

 

Your boss wants you to calculate the probability the project will be complete in Y = 24 weeks.

  • 1. Week Y = 24
  • 2. E(T) = 20
  • 3. 12σA2=1.5;σF2=2.25;σH2=1.25;σK2=4' type="#_x0000_t75">.
  • 4. 12σ2=σA2+σF2+σH2+σK2=1.5+2.25+1.25+4=9' type="#_x0000_t75">
  • 5. 12σ=σ2=9=3' type="#_x0000_t75">
  • 6. 12z= 24-203=1.333' type="#_x0000_t75">
  • 7. Probability of completion
  • a. P(z ≤ 1.33) = .9082 or approximately 91%

I am lost, was hoping it might make sense to you.

Picture
Expert:  Muhammad Jawaad Ahmed replied 1023 days and 7 hours ago.

It means that we should add .5 to .0793 to make it .5793 it means that probability is around 58%

Customer replied 1017 days and 4 hours ago.

Wondering if you might be willing to look at this problem and let me know if you could do it for me. I was thinking $100.00?

I didn't want to post it for just anyone and was hoping it might be something you would do. Let me know if you are interested and if so, do I need to post it or do it through here or............

 

http://www.mediafire.com/?sharekey=2affd27d4ede1274e7ba8e3c6e11ce2023b951ea2ad3ac71292b492bd5edc68e

 

THANKS!

Picture
Expert:  Muhammad Jawaad Ahmed replied 1016 days and 3 hours ago.

Hi Scottish

 

I appreciate your confidence in me. But I am really sorry that I will not be able to do the question, It is better you list so other expert may help you. However in future you may ask me and I will try to help you out. Take care.

 
Tweet

12 Tutors are Online Right Now

Ask Your Question Now
Ask A Tutor
Type Your Homework Question Here...
characters left:

Top Homework Experts

See More Tutors

In The News

Nbc
Washington Post
New York Times
Cnn
Learn More

How It Works

  • Ask an Expert
  • Get a Professional Answer
  • Ask Followup Questions
  • 100% Satisfaction Guarantee
Learn More
close
Find Expert answers related to your question.
Sign up using email
We will never post anything without your permission.
Already have an account? Sign in

Ask a Tutor

Get a Professional Answer. 100% Satisfaction Guaranteed.
12 Tutors are Online Now
Type Your Homework Question Here...
characters left:
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.
Truste
Contact Us | Terms of Service | Privacy & Security | About Us
© 2003-2013 JustAnswer LLC