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[2 marks] Describe the different types of responses to unfavorable project risks. 2. [10 marks]The information of Project ABCis given in the table below. Calculate
- [2 marks] Describe the different types of responses to unfavorable project risks.
2. [10 marks]The information of Project ABCis given in the table below. Calculate the weighted average time and the variance of each activity. Identify the critical path(s) and the expected project duration by using PERT. What is the probability of completing the project in 55 days?
Activity ID | Predecessor | Optm. (a) (Days) | Most Likely (m) (Days) | Pess. (b) (Days) |
A | None | 6 | 12 | 24 |
B | A | 16 | 19 | 28 |
C | A | 4 | 7 | 10 |
D | A | 21 | 30 | 39 |
E | C | 13 | 22 | 37 |
F | B,E,D | 4 | 7 | 10 |
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