Calculate individual task variances and overall project variance.
Use the following information to determine the probability of this project finishing within 34 weeks of its scheduled completion date. Assume activities A – B – D – F – G are the project’s critical path. a. Calculate the expected durations for each activity. b. Calculate individual task variances and overall project variance. c. The company must file a permit request with the local government within a narrow time frame after the project is expected to be completed. What is the likelihood that the project will be finished by week 34? d. If we wanted to be 99% confident of on-time delivery of the project, how much additional time would we need to add to the project’s expected delivery time?
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