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Task: Examine the following table of activities, with stochastic (probabilistic) duration estimates and predecessor information (duration estimates are in weeks) for a small project. Required:
Task: Examine the following table of activities, with stochastic (probabilistic) duration estimates and predecessor information (duration estimates are in weeks) for a small project. Required: 1. Find all expected activity times/durations (TEs) and variances, organized/presented in a table. 2. Based on the computed TEs, draw an AON (Activity On Node) network diagram representing all project activities, making sure to label activities and their durations. 3. Find the total slack for each activity and add it as a column to the table in step (1). 4. Find the critical path and expected completion time (project duration) for the project. 5. What is the effect on the project (critical path AND schedule duration) if activity G takes an extra (is delayed) 3 weeks? If activity I is crashed (reduced) by 3 weeks? 6. Find the probability that the project will be completed in 36 weeks. 7. Find the expected completion time corresponding to 95% probability
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