47 An industrial development project has a budget given below. Budget Budget Under.Run Budget Over-Run $ Millions Planning (Optimistic) (Pessimistic) Most Likely Budget Scenario Budget Scenario Scenario (ML) (O) (P) Component 1: Start-Up Costs 35.5 30 and Trainina Component 2: Equipment, Operations 102 97 122 and Maintenance Component 3: Insurance & Waste 12 10 Disposal a) Use the Method of Moments (MoM) to find the mean m, variance V for each item, total project variance, and the project's standard deviation. b) Get the Total Risk Value (S) and Risk % for this project. c) Construct the PROJECT RISK TABLE. 15 47 An industrial development project has a budget given below. Budget Budget Under.Run Budget Over-Run $ Millions Planning (Optimistic) (Pessimistic) Most Likely Budget Scenario Budget Scenario Scenario (ML) (O) (P) Component 1: Start-Up Costs 35.5 30 and Trainina Component 2: Equipment, Operations 102 97 122 and Maintenance Component 3: Insurance & Waste 12 10 Disposal a) Use the Method of Moments (MoM) to find the mean m, variance V for each item, total project variance, and the project's standard deviation. b) Get the Total Risk Value (S) and Risk % for this project. c) Construct the PROJECT RISK TABLE. 15