Business science exercises
(231 MIS)
Exercise1:
According to the diagram above, answer to the following questions:
1. Determine the different paths for this project
2. Then determine the critical path
3. Determine the earliest times , the latest times and the slack time
Exercise2:
Use the information's below which refers to a 3 times of new project: We need to
practice the PERT method to manage and estimate the time project.
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1. Complete the following table (the expected time and the variance for
each activity)
2. Using the network on node (NON) shown below, determine the project
paths and then the critical path
3. Determine the variance and the standard deviation of the project
4. Using forward pass and backward pass determine the earliest times, the
latest times and the slack times for this project.
5. What is the probability of finishing the project within 16 weeks?
6. What is the probability that the project is not finished within 16weeks?
7. What project duration does General Foundry have a 99% chance of
completing the project within?
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