Wednesday, December 26, 2018

Q1-2018-Project Management


Question 1: Work Breakdown Structure of a project is given below. Draw an Activity-on-Arrow diagram for this project and answer the given questions.

Activity
Immediate Predecessors
Expected activity time (Days)
Variance (Days^2)
a
None
12
25
b
a
15
0
c
f
5
107
d
b
10
29
e
None
15
55
f
None
10
76
g
c
20
45
h
e
7
116
i
a, h
10
18
j
i
6
53
k
g
8
159
l
c
15
42
m
D, I
6
10
n
j, k
10
54
o
g, l
12
65

a) Only 60 days are available for completing this project. What is the probability that it gets completed within available time?                                                                                       (6 marks)
b) An insurance organization can insure such projects against timely completion provided the probability of claim is 0.1 or lesser. How much excess (number of days of delay for which no claim is payable) should be applied in the policy to keep the probability of claim around 0.1?                                                                                                                                           (7 marks)
c) Assume that variance of all the activities in this project becomes 0. In that case what is the latest start time of activity L?                                                                                        (7 marks)


Answer is given in the video at

https://drive.google.com/open?id=1hLAdZyzchhX19kTTW2RbxCFL1PCOKutK



4 comments:

  1. Sir, My Roll no is 182052. I have done some mistake in the diagram because of some calculation error and hence my critical path is wrong too. That caused the variance value also to be different. But will I get marks for steps and formula applied for the questions?

    ReplyDelete
    Replies
    1. You don't need any calculation for drawing aoa network diagram. Necessary information was given in advance so that one can practice before examination.

      There may be few marks but that depends on overall answer.

      Delete
  2. Sir, My roll number is 182031, while calculating for estimated completion of project time I've arrived at 48 days instead of 53 and that effected my complete solution. But I've solved the problem with mean time of 48 days conceptually, and all my solutions came accordingly in align with 48 days instead of 53. will i get any marks for this?

    ReplyDelete
    Replies
    1. Depends on how you got 48 and overall answer.

      Delete