23. Figure 10.8 is the network for the Largesse Hydro Project: Figure 10.8 Largesse Hydro Project. End 3 MBO R 4 The table gives the baseline cost and time estimates (BCE and BTE), the cost and time estimates to correct for failure, and the likelihood of failure for each work package. WBC Corrective Element BCE BTE (Week) Cost Time Likelihood L $20,000 9 $ 4,000 2 0.2 V 16,000 8 4,000 2 0.3 32,000 8,000 2 0.1 20,000 12,000 0.2 16,000 4,000 1 0.3 J 18,000 4,000 1 0.1 10,000 4,000 3 0.3 15,000 6 5,000 2 0.3 3 a. Determine the risk time and risk cost for all the WBS elements of the project. b. Consider the risk times on non-critical paths. Which activities and paths should be watched carefully as posing the highest risks? c. What are the project expected cost (EC) and expected time (ET) 24. Because of its geographical location, the Largesse Hydro project is threatened with weather-associated delays and costs. The likelihood of bad weather is esti- mated at 0.30 with a potential impact of delaying work by 10 weeks and increas- ing the cost by $20,000. a. Ignoring the time and cost risks in Problem 23, what are the expected project completion time and completion cost considering the weather risk? b. What is the estimated expected project completion time and cost considering the weather risk and the risks listed in Problem 23