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Question: A ship builder is preparing a plan of a luxury yacht to be fitted with a lot of emerging and exot…

by | Nov 30, 2023 | Posted Questions



Question: A ship builder is preparing a plan of a luxury yacht to be fitted with a lot of emerging and exot...

Show transcribed image text A ship builder is preparing a plan of a luxury yacht to be fitted with a lot of emerging and exotic technologies for a billionaire client. The ship builder comes up with a work breakdown structure and time estimates in months for different building activities as in the table below. (a) Based on the table, draw a project network in MS PowerPoint and make a printout. (b) Determine the expected time and time variance for each activity. Use 5 decimals. (c) Find all possible paths through the network with their corresponding expected path times. (d) Determine the critical path. Give equations for and find the expected completion time and time variance of the project. Make sure to have the time unit. (e) The billionaire client is mainly concerned with the yacht completion time and willing to pay any necessary building cost. The client asks the ship builder about the probability of finishing the yacht in 3 years if work begins immediately. What would be the answer?

A ship builder is preparing a plan of a luxury yacht to be fitted with a lot of emerging and exotic technologies for a billionaire client. The ship builder comes up with a work breakdown structure and time estimates in months for different building activities as in the table below. (a) Based on the table, draw a project network in MS PowerPoint and make a printout. (b) Determine the expected time and time variance for each activity. Use 5 decimals. (c) Find all possible paths through the network with their corresponding expected path times. (d) Determine the critical path. Give equations for and find the expected completion time and time variance of the project. Make sure to have the time unit. (e) The billionaire client is mainly concerned with the yacht completion time and willing to pay any necessary building cost. The client asks the ship builder about the probability of finishing the yacht in 3 years if work begins immediately. What would be the answer?

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