You are sitting around the fire at a lodge in Dillingham, Alaska, discussing a fishing expedition you are planning with your colleagues at Great Alaska Adventures (GAA). Earlier in the day you received a fax from the president of BlueNote, Inc. The president wants to reward her top management team by taking them on an all-expense-paid fly-fishing adventure in Alaska. She would like GAA to organize and lead the expedition. You have just finished a preliminary scope statement for the project (see below). In addition, your analysis has produced the following risks: A. 10% probability of a lack of planning and coordination causing a cost to the project of $5,000 B. 5% probability of improper packing and handling of the required stuff causing a cost to the project of $2,000 C. 30% probability that the training may not be effective resulting in an extra $1,000 cost D. 20% probability that the equipment being supplied by a company new to this are a of manufacturing resulting in a $10,000 cost E. 5% probability of heavy rains causing $2,000 of additional equipment F. 40% probability of transportation delay resulting in a $6,000 cost G. 5% probability of meal problems (e.g., allergy, food posenning, etc.) causing additional $1,000 cost H. 10% probability of effective trainning causing a $1,000 saving on project cost I. 5% probability of a new technology equipment causing $2,000 saving project cost What is the individual and total EMV of the cost of these threats and opportunities? What is the optimistic estimate (only good things happen)? With no risk analysis, how much will management expect the project to cost? What is the cost baseline for the project? What is the pessimistic estimate (only bad things happen)