QUESTION 3 Suppose you are managing a project involving creation of an Online Library System. The creation of the Online Library System comprises of four tasks: requirement analysis, design, coding and testing the components. Based on prior experience or other expert knowledge, you determine the best case, most-likely, and worst- case estimates for each of these activities as given in Table 2. i. Calculate the total duration for each estimate (a), (b) and (c) ii. From your answer in (i), demonstrate the range the project can be completed (Hint: between what week to what week). Table 2 Tasks Best-case estimate Most likely estimate Worst-case estimate 2 4 5 3 4 5 Requirement analysis Design Coding Testing Total duration 5 8 10 8 4 6 (a) (b) (c) a. Choose the correct percentages of completing the project b. Based on the Monte Carlo analysis, interpret when the project will end. Total Project duration Number of times the result is equal to Total Project Duration 3 Percentage of simulation runs where the result was less than or equal to the Total Project Duration 1% 2% 3% 10 8 15 11 12 13 14 4% 18 21 4% 29 6% 15 16 7% 37 75 17 18 90 15% 18% 22% 19 110 20 125 25% 21 134 22 27% 29% 50% 23 24 145 250 450 475 490 90% 25 95% 26 98% 99% 27 495 28 500 100%