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During the conceptual phase of a pipeline project, the project engineer estimates the following: the cost of the materials is most likely $100,000; optimistically $90,000; and pessimistically $120,000. The cost for labor is most likely $80,000; optimistically $70,000 and pessimistically $100,000. The cost for equipment is most likely $60,000; optimistically $50,000 and pessimistically $70,000. The cost for construction management fees is most likely $30,000; optimistically $20,000 and pessimistically $40,000. What is the probability of the project coming in under $270,000?
Less than 50%
An activity has an early start (ES) of day3; a late start (LS) of day 13, an early finish (EF) of day 9 and a late finish (LF) of day 19. What is the duration of this activity?
Based on the following, if you needed to shorten the duration of the project, which activity would you try to shorten?
Based on the chart below, some of the identified risks do not occur and therefore activity B gets done in 3. What is the effect on the project?
The Project is Complete
There will be Three Critical Path
Activity A will have more Float
The project will complete sooner if activity F start immediately