Question: 1. An IT project requires 6 activities. The table below displays the expected time and budgeted cost for each activity. Activity Expected time (weeks) Immediate

1. An IT project requires 6 activities. The table

1. An IT project requires 6 activities. The table below displays the expected time and budgeted cost for each activity. Activity Expected time (weeks) Immediate Predecessors None None Budgeted Cost $3,000 $6,000 $7,000 $9.000 $3,000 $8,000 B C B,D Develop a budget for the 15 weeks of the project using ES times. 2. The following represents a project with four activities. All times are in weeks. Activity Immediate Predecessor Optimistic Time Most Likely Time Pessimistic Time 14 B 8 6 | | DB 5 18 17 11 The critical path is B+D. The expected completion time is 19 weeks. Assume the normal distribution is appropriate to use to determine the probability of finishing by a particular time. What is the probability that the project is finished in 22 weeks or more? (Round to two decimals.)

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