Optimistic Most Likely Time Time Pessimistic Activity (weeks) (weeks) Time (weeks) A 8 10 12 B 4 10 16 C 4 5 6. D 6. 8 10 E 4 7 12 F 6. 7 9 G 4 8 12 H. 3 3 TABLE 16-15 Optimistic Time Pessimistic Time Estimates Estimates Estimates (weeks) Most Likely Time Immediate Activity Description of Activity Predecessor(s) (weeks) (weeks) Design general curriculum requirements Develop program brochure Identify prospective students Develop advertising campaign Design specific curriculum content Send brochure and student application Evaluate applications Accept students, notify students A none 4 8 16 B A 2 3 none 3 6 9 В, с 4 7 10 A 8. 16 20 F D 2 3 4 F 2 H. G 1 2 3 I Schedule rooms for classes H 1 1 7 Designate professors to teach courses H 3 K Select texts for courses 3 5 7 L Order and receive texts K 6 8 17 FIGURE 16-21 Network diagram Normal Crash E Immediate Time Normal Time Crash
Optimistic Most Likely Time Time Pessimistic Activity (weeks) (weeks) Time (weeks) A 8 10 12 B 4 10 16 C 4 5 6. D 6. 8 10 E 4 7 12 F 6. 7 9 G 4 8 12 H. 3 3 TABLE 16-15 Optimistic Time Pessimistic Time Estimates Estimates Estimates (weeks) Most Likely Time Immediate Activity Description of Activity Predecessor(s) (weeks) (weeks) Design general curriculum requirements Develop program brochure Identify prospective students Develop advertising campaign Design specific curriculum content Send brochure and student application Evaluate applications Accept students, notify students A none 4 8 16 B A 2 3 none 3 6 9 В, с 4 7 10 A 8. 16 20 F D 2 3 4 F 2 H. G 1 2 3 I Schedule rooms for classes H 1 1 7 Designate professors to teach courses H 3 K Select texts for courses 3 5 7 L Order and receive texts K 6 8 17 FIGURE 16-21 Network diagram Normal Crash E Immediate Time Normal Time Crash
Chapter6: Target Markets: Segmentation And Evaluation
Section: Chapter Questions
Problem 17DRQ: Under what conditions might a firm use multiple forecasting methods?
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Question
Using the information given,
(a) Calculate the expected time for each of the project
activities.
(b) Calculate the variance for each of the project activities.
(c) Evaluate the connected paths through the diagram to
determine the expected project completion time.
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