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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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