Evaluate application of project management techniques in terms of the firm’s business operational goals and requirements.

If OT = Optimistic Time, MT = Most Likely Time, and PT = Pessimistic Time, use a Program Evaluation Review Estimate (PERT) to compute the statistical time for each activity, as in the following table:ActivitiesOTMTPTActivity 1234Activity 2369Activity 34812Activity 46810Activity 581012Activity 6101418Activity 7468You must also do the following:Determine the expected completion time and the variance for each activity
Determine the total project completion time and the critical path for the project
Determine Early Start (ES), Early Finish (EF), Late Start (LS), and slack for each activity
What is the probability that McGee Carpet and Trim will finish the project in 40 days or less?
Define project management and the necessary requirements.
Analyze implications of changes in project scheduling.