Nt1310 Unit 4 Exercise 3

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1. A B STRA CT This document provides the solution to the exercise 3 in Chapter 7; this final solution is derived from group discussions between the team members on the related topics. This document also provides a performance analysis of the various team members of the group. 2. IN TR O DUCTION In this project, we dealt with the Exercise 3 in Chapter 7 by applying PERT (program evaluation and review technique) technique. To calculate the probability of completing the project in 25 periods, the team got the network chart, the Z value, and the consequent value of the probability. 3. REVIEW OF PERT TECHNIQUE According to the textbook, PERT (PROGRAM EVALUAITON AND REVIEW TECHNIQUE) uses three time estimates for each…show more content…
SOLUTION TO EXERCISE 3 The expected times and variances for the project activities are given below. What is the probability of completing the project in 25 periods? ID Description Predecessor te Variance [(b-a)/6]2 1 Pilot production None 6 3 2 Select channels of distrib. None 7 4 3 Develop mktg. program None 4 2 4 Test market 1 4 2 5 Patent 1 10 5 6 Full production 4 16 10 7 Ad promotion 3 3 2 8 Release 2, 5, 6, 7 2

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