A company wants to use CPM analysis to manage their project.One of the activities that make up the project has an uncertain duration.Three estimates have been given to determine this activity's duration.The estimates are optimistically 1 hour,most likely 5 hours and pessimistic 6 hours.Using the three activity time estimation procedure for CPM,what is the expected time this activity will take?
A)2.5 hours
B)3.5 hours
C)4.5 hours
D)5.5 hours
E)None of the above

Question

Quizplus · Accepted Answer

The expected time (TE) is calculated using the formula: TE = (Optimistic + 4(Most Likely) + Pessimistic) / 6. Substituting the given values: TE = (1 + 4(5) + 6) / 6 = 4.5 hours.

A Company Wants to Use CPM Analysis to Manage Their