Question The product development group at Poseidon Corporation has been working on a new computer software product that has the potential to capture a large market share. Through outside sources, Poseidon's management has learned that a competitor is working to bring a similar product to the market. As a result, Poseidon's top management has increased its pressure on the product development group. The group's leader has tumed to PERT/CPM as aid to scheduling the activities remaining before the new product can be brought to market. The PERT/CPM network is as follows: D G B E H F The activity time estimates in weeks are given below. Activity Optimistic А 3.0 B 3.0 с 4.0 D 2.0 E 6.0 F 7.5 G 4.5 Most Probable 4.0 3.5 5.0 3.0 10.0 8.5 6.0 6.0 2.5 Pessimistic 5.0 7.0 6.0 4.0 14.0 12.5 7.5 13.0 6.0 6.0 Н I 5.0 2.0 J 4.0 5.0 a. Do a forward/backwards pass. Identify the slack for each activity and critical path. b. What is the probability that the project will be completed so that Poseidon Corporation may introduce the new product within 25 weeks? Within 30 weeks?

TLMSKJ The Asker · Probability and Statistics


Transcribed Image Text: The product development group at Poseidon Corporation has been working on a new computer software product that has the potential to capture a large market share. Through outside sources, Poseidon's management has learned that a competitor is working to bring a similar product to the market. As a result, Poseidon's top management has increased its pressure on the product development group. The group's leader has tumed to PERT/CPM as aid to scheduling the activities remaining before the new product can be brought to market. The PERT/CPM network is as follows: D G B E H F The activity time estimates in weeks are given below. Activity Optimistic А 3.0 B 3.0 с 4.0 D 2.0 E 6.0 F 7.5 G 4.5 Most Probable 4.0 3.5 5.0 3.0 10.0 8.5 6.0 6.0 2.5 Pessimistic 5.0 7.0 6.0 4.0 14.0 12.5 7.5 13.0 6.0 6.0 Н I 5.0 2.0 J 4.0 5.0 a. Do a forward/backwards pass. Identify the slack for each activity and critical path. b. What is the probability that the project will be completed so that Poseidon Corporation may introduce the new product within 25 weeks? Within 30 weeks?
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Transcribed Image Text: The product development group at Poseidon Corporation has been working on a new computer software product that has the potential to capture a large market share. Through outside sources, Poseidon's management has learned that a competitor is working to bring a similar product to the market. As a result, Poseidon's top management has increased its pressure on the product development group. The group's leader has tumed to PERT/CPM as aid to scheduling the activities remaining before the new product can be brought to market. The PERT/CPM network is as follows: D G B E H F The activity time estimates in weeks are given below. Activity Optimistic А 3.0 B 3.0 с 4.0 D 2.0 E 6.0 F 7.5 G 4.5 Most Probable 4.0 3.5 5.0 3.0 10.0 8.5 6.0 6.0 2.5 Pessimistic 5.0 7.0 6.0 4.0 14.0 12.5 7.5 13.0 6.0 6.0 Н I 5.0 2.0 J 4.0 5.0 a. Do a forward/backwards pass. Identify the slack for each activity and critical path. b. What is the probability that the project will be completed so that Poseidon Corporation may introduce the new product within 25 weeks? Within 30 weeks?