A construction company has an opportunity to submit a bid for the construction of a new apartment building. From the specification provided by the developer, the PERT network along with the three-time estimate (in a week) for each activity is shown in figure-1. Determine: a) Critical path and its standard deviation? b) Probability of completing the work in 38 weeks? c) Completion time duration for which the company should bid to provide 95% probability of completing the work in time?
A construction company has an opportunity to submit a bid for the construction of a new apartment building. From the specification provided by the developer, the PERT network along with the three-time estimate (in a week) for each activity is shown in figure-1. Determine: a) Critical path and its standard deviation? b) Probability of completing the work in 38 weeks? c) Completion time duration for which the company should bid to provide 95% probability of completing the work in time?
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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A construction company has an opportunity to submit a bid for the construction of a new apartment building. From the specification provided by the developer, the PERT network along with the three-time estimate (in a week) for each activity is shown in figure-1.
Determine:
a) Critical path and its standard deviation?
b) Probability of completing the work in 38 weeks?
c) Completion time duration for which the company should bid to provide 95% probability of completing the work in time?
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