Project Scheduling and Budgeting Solve the following problems using textbook: Using the diagram, find: ◦The critical path. ◦How long it will take to complete the project?

•How does simulation determine the probabilities of various project completion times? 

•What is "slack" and why is it important? 

•Why is activity-on-arrow (AOA) or activity-on-node (AON) of significant value to the project manager? 

•How is the uncertainty in project scheduling dealt with? 

•Should the critical path activities be managed differently from noncritical path activities? Explain.