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from problem 1 iine for each acti Name(s) BA 352: ICE 4 Below is the data from problem 1) of ICE 1 (which had critical

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from problem 1 iine for each acti Name(s) BA 352: ICE 4 Below is the data from problem 1) of ICE 1 (which had critical path BEHJ and completion time 31) and which you solved using PERT in ICE 3. Assume that the optimistic time for each activity is half the regular time and the pessimistic time is double the regular time. Now estimate the following project information using 1) the Big Beta 2 method and then 2) with Simulation: Simulate bow long each activity, every path, and the whole project takes thousands of times and recalculate the information below. 1) Answers using Big Beta/2 method. What is the average completion time? What is the standard deviation? Estimate the probability that the proiect is completed carly, in 28 days or less: Estimate the probability that the peoiss: is completed late, in 35 days of more: When will the project be completed with 99% certainty? Estimase the probability that the projoct will be done in 31 days or less, the original CPM completion time. Given this result and the results above, what it your opinion of promising a client the original deadline? 2) Answers using Simulation. What is the average completion time? What is the standard deviation? Estimate the probability that the project is completed early, in 28 days or less: Estimate the probability that the project is completed late, in 35 days or more: When will the project be completed with 99% certainty? Estimate the probability that the project will be done in 31 days or less, the original CPM completion time. Given this result and the results above, what it your opinion of promising a client the original deadline? 1) Determine the completion time, eritical path, and slack simes for the following CPM network. a I daite a (278 atialf days)

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