University of Houston, Clear Lake

DSCI 3331

1)Activity B of a project has a budgeted cost of $50,000 and is 30% complete. The actual cost of the activity is $12,000. What is the activity difference?

2. Activity D of a project has a budgeted cost of $45,000 and is 20% complete. What is the

value of work completed?

3. Consider a project that has an expected completion time of 50 weeks and a standard deviation of 9 weeks. What is the probability that the project is finished in 57 weeks or fewer? (Round to two decimals.)
4. Consider a project that has an expected completion time of 60 weeks and a standard

deviation of five weeks. What is the probability that the project is finished in 70 weeks or fewer? (Round to two decimals.)

5. In PERT, we assume that- the total time to complete all activities on the critical path is described by a normal distribution.