MGT 730 - Chapter 2- Solution
MGT 730 - Chapter 2- Solution
Please understand that there will be slight difference in decimal points. For
instance, 0.43 can be shown as 0.44 or 1.54 will be presented as 1.55.
• Compute the earliest start and finish times, the latest start and finish
times, and the slack times for each activity. Also, calculate the slack for
each path.
At the end of the first week, it was noted that activity A was completed
in 2.5 days, but activity B required 4.5 days.
Answer
Based on this AON, 4 paths are available: A-C-I, A-D-G-J, B-E-G-J, and B-F-H-J
In the initial AON, A-D-G-J is the critical path. Thus, these activities, A, D G,
and J should be monitored.
In the modified AON, B-E-G-J is the critical path. Thus, these activities, B, E,
G, and J, should be monitored.
The reason is that one of characteristics of the critical path is the longest
path.
4 8 5 5 8 6
C,1 I,1
12 13 13 14
0 0 4
A,4
0 4
4 0 9
D,5
4 9
9 0 12
G,3
9 12
3 2 7 12 0 14
E,4 J,2
0 2 3 5 9 12 14
B,3
2 5 3 3 4 4 3 9
F,1 H,5
6 7 7 12
In detailed information,
Activit ES EF LF LS Slack
y
A Activity A It takes 4 Activity A Activity A 0=
can start at days to can finish at need to either 0-0 or
0 finish 4 start at 0 4-4
activity-A.
Thus, 0+4 =
4
B Activity B It takes 3 Activity B Activity B 2 = either 2-
Chapter 2
Activities on the critical path will not have a slack. Thus, it is confirmed that
A-D-G-J is the critical path.
Construct a network for the project below and find its expected completion
time.
A 3 NONE
B 5 A
C 3 A
D 1 C
E 3 B
F 4 B, d
G 2 C
H 3 G, f
I 1 E, h
Answer
A B E
C D H
As path A-B-F-H-I is the longest path, this path will be the critical path.
Chapter 2
Exercise 2.5
Expected Time
Optimis Most Pessimis 2
Variance
Activi tic Likely tic Required t 0+ 4∗t m +t p t p−t 0
2
ty Precedence t e =( ) σ
2
=( )
t0 tm tp 6 99%
6
1.78 =
6+ 4∗7+14 2
A 6 7 14 - 8= 14−6
6 ( )
6
10=
B 8 10 12 - 8+4∗10+ 12 0.44 = ¿
6
2+ 4∗3+ 4
C 2 3 4 - 3= 0.11= ¿
6
6+ 4∗7+8
D 6 7 8 A 7= 0.11= ¿
6
5+4∗5.5+ 9
E 5 5.5 9 B, C 6= 0.44= ¿
6
5+4∗7+ 9
F 5 7 9 B, C 7= 0.44= ¿
6
4+ 4∗6+ 8
G 4 6 8 D,E 6= 0.44= ¿
6
Chapter 2
3.03 =
H 2.7 3 3.5 F 2.7+4∗3+3.5 0.02= ¿
6
With the information of the table above, the following AON is established.
Answer
In the expected time, the processing time for each activity can be found out
from the table above.
The longest path in the table above is B-E-G, which will be the critical path.
Thus, the expected completion time is 22 and the standard deviation of this
path is 1.15.
Standard deviation of the path is equal to the square root of the variance of
the path.
The probability for the desired completion time can be computed with the
following formula,
Desired Completion time−Expecte Completiontime
z=
√Variance of the critical path
In the function NORM.DIST, you will type the value =Norm.Dist(your desired
completion time, the expected completion time, standard deviation, TRUE).
In Excel, you can type with “=NORM.DIST(21, 22, 1.15, TRUE)”. The EXCEL
will show 0.192269 which means that there is 19.22% to finish for this
project to be completed within 21.
If the desired completion time is 22 days, Z-value can be computed with the
following
2 2−22
Z= =0
1.15
In Excel, you can type with “=NORM.DIST(22, 22, 1.15, TRUE)”. The EXCEL
will show 0.5 which means that there is 50% to finish for this project to be
completed within 22.
Chapter 2
If the desired completion time is 25 days, Z-value can be computed with the
following
25−22
Z= =2.9 5
1.15
In Excel, you can type with “=NORM.DIST(25, 22, 1.15, TRUE)”. The EXCEL
will show 0.9954 which means that there is 99.54% to finish for this project
to be completed within 25.
If we consider all of these available paths rather than with only the critical
path, how we can estimate the probability of completing the project?
% corresponding to Z-value
Expected
Std using the function Norm.Dist
Time
Z-value= in Excel
21−21 0.50 =
0.00 =
ADG 21 1.53 1. 53 Norm.Dist(21,21,1.53, TRUE)
21−2 0.03
1.02=
BFH 20.03 0.95 0.95 0.84
21−15
6.00=
CEG 15 1.00 1. 00 1.00
10.52=
21−13.03
CFH 13.03 0.76 0.76 1.00
Thus, the probability of completing this project with all paths is computed
with
Chapter 2
0.50 * 0.19 * 0.84 * 1.00 * 1.00 = 8.16%, which means 8.16 % to complete
this project within 21 days.
% corresponding to Z-value
Expected
Std using the function Norm.Dist
Time
Z-value= in Excel
22−21 0.74 =
0.65 =
ADG 21 1.53 1.53 Norm.Dist(22,21,1.53, TRUE)
22−20.03
2.07=
BFH 20.03 0.95 0.95 0.98
22−15
7.00=
CEG 15 1.00 1.00 1.00
11.84=
22−13.03
CFH 13.03 0.76 0.76 1.00
0.74 * 0.50 * 0.98 * 1.00 * 1.00 = 36.46%, which means 35.46% to complete
this project within 22 days.
% corresponding to Z-value
Expected
Std using the function Norm.Dist
Time
Z-value= in Excel
Chapter 2
25−21 0.9955 =
2.62 =
ADG 21 1.53 1.53 Norm.Dist(25,21,1.53, TRUE)
25−22 0.9954 =
2.60 =
BEG 22 1.15 1.15 Norm.Dist(25,22,1.15, TRUE)
25−20.03
5.22=
BFH 20.03 0.95 0.95 1.00
25−15
10.00=
CEG 15 1.00 1.00 1.00
15.80=
25−13.03
CFH 13.03 0.76 0.76 1.00