The following table gives the baseline cost and time estimates (BCE and BTE), the cost and time estimates to correct for failure, and the likelihood of failure for each work package.

What is the project expected cost (EC) and expected time (ET)?

Q. 5 The following table gives the baseline cost and time estimates (BCE and BTE), the cost and time estimates to correct for failure, and the likelihood of failure for each work package. Corrective WBS BCE BTE(WK) Cost Time Likelihood Element L $20,000 9 $4000 2 .2 V $16,000 8 $4000 2 .3 T $32,000 5 $8000 2 1 U $20,000 7 $12,000 3 .2 S $16,000 3 $4000 1 .3 J $18,000 3 $4000 1 1 R $10,000 4 $4000 3 .3 $15,000 6 $5000 2 3 What is the project expected cost (EC) and expected time (ET)