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c. Brainstorm optimistic time, most likely time, and pessimistic time for each
task.
d. Compute expected completion time for each task.
e. Draw your network diagram, compute early and late times, and find the
critical path.
f. Compute the 90% completion time for your project.
Answers will vary for this. This is a good project to help students go through the steps
8. (Team Project) Complete the steps in problem 7 for the following project:
Completing a university degree program (choose any major).
Answers will vary for this. This is a good project to help students go through the steps
9. (Team Project) Develop a Gantt chart for welcoming a new baby into the world
(conception has already occurred). Remember you only have 9 months to
complete the project.
10. Complete a cost benefit analysis for a college degree at your university. Be sure
to include all direct and indirect costs. Tale into account the time value of money
11. Complete a cost benefit analysis for a marriage. Be sure to include both the
benefits and costs in your model. Model the marriage given two scenarios – a
strong marriage and a poor marriage. (Hint: You should find that the benefits
for a strong marriage approach infinity and the benefits of a poor marriage
approach zero.)