Asked by Chloe Cluchey on Jul 01, 2024

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A project being analyzed by PERT has 50 activities, 12 of which are on the critical path. If the estimated time along the critical path is 176 days with a project variance of 144, the probability that the project will take 194 days or less to complete is

A) near zero.
B) 0.0126.
C) 0.0668.
D) 0.9332.
E) 2.00.

PERT

Program Evaluation and Review Technique is a project management tool used to plan, schedule, and control complex projects by analyzing tasks and their time estimates.

Critical Path

The sequence of stages determining the minimum time needed for an operation, project, or process development.

Variance

A statistical measure that represents the dispersion or spread of a set of data points or values around their mean.

  • Evaluate and explain the probabilities associated with project completion schedules by utilizing PERT analysis.
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ZK
Zybrea KnightJul 05, 2024
Final Answer :
D
Explanation :
To find the probability that the project will take 194 days or less to complete, we use the formula for the Z score in PERT: Z=X−μσZ = \frac{X - \mu}{\sigma}Z=σXμ , where XXX is the desired time (194 days), μ\muμ is the mean time along the critical path (176 days), and σ\sigmaσ is the standard deviation ( 144\sqrt{144}144 = 12 days). Plugging in the values, we get Z=194−17612=1812=1.5Z = \frac{194 - 176}{12} = \frac{18}{12} = 1.5Z=12194176=1218=1.5 . Looking up the Z score of 1.5 in the standard normal distribution table gives a probability of approximately 0.9332, indicating the project has a 93.32% chance of being completed in 194 days or less.