PROJECT SCHEDULING Case Study 2 A 14 16 16 CongraSafe is a new startup that specializes in event planning with a focus on social distancing and safety. The company specializes in weddings, and planning to launch their business in 25 days. A typical wedding involves setting the arena with fixed seats and tables to guarantee social distancing, a prescreened guest list with negative PCRs submitted before the wedding an inspected team of waiters/chef hostesses that are COVID free, as well a separate DJ booth Your team is in charge of scheduling the tasks as well as estimating the expected launch time of this business. The table below was generated after surveying experts in the events planning industry, and includes the activities' times (days). predecessors, costs (USD), as well as the crash times. Activity Predecessor(s) Optimistic Most Likely Pessimistic Normal Cost Crash Time Crash Cost 10,000 11,000 9,000 8 15,000 7,400 10,100 9,600 23,200 12,000 16,680 8,000 16,800 EF 11,000 13,400 12.800 27,200 6,400 3 14,000 9,000 4 15,600 HI, 6,900 12,900 14400 18,200 L 13,800 15,300 10,000 24,800 5 9,000 19,200 NO 1 7,400 17,900 9,600 14,100 GQ 12,000 16,700 8 5 3 15 15 7 7 9 5 3 3 4 B C D E F G 1 1 3 1 17 7 3 3 1 2 2 3 5 2 4 7 5 6 9 5 4 4 8 K L M N o 6 11 6 14 16 7 12 7 7 7 13 8 3 4 4 8 5 6 4 4 4 Q 1 1 1 3 R 1 Case Report Perform an analysis of the project and prepare a report presenting your findings and recommendations. Include (but do not limit your discussion to) a consideration of the following items 1. Develop a network drawing and determine the critical path. How long is the business launch expected to take? 2. What is the probability for the launch to take longer than 25 days? 3. Assuming that once CongraSafe is in operation, the company will generate $3,000/day in protits, The earlier the company is launched the earlier they can make these profits. Find the optimal launch time and the optimal costs associated with your proposed launch time. P.S. Both MS Project file and Word report should be submitted