Solution Library

Critical Path Activities And Their Time Variances

Question

Below is a table of activities required to finish a project:

Time estimate in days

Activity

Optimistic

Most Likely

Pessimistic

1

19

20

26

2

4

5

6

3

6

6

6

4

3

9

10


In calculating activity times for the project, which one of the following statements is correct?

A. Activity 1 will have the lowest variance

B. Activity 2 will have a variance of 0.11

C. Activity 3 will have the highest variance

D. Activity 4 will have a variance of 0.361

Summary

This multiple choice question belongs to Operations Management and it discusses about the activities and their variance in time estimate.

Total Word Count NA

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Comments

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    Giuseppe

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