1. Develop a project AON network and calculate ES-LS, EF-LF for each activity.
2. Identify the critical path(s) and the expected project duration.
3. Will you be able to finish the project on time?
4. What is the probability to finish the project within the mandate duration?
5. Estimate your financial risk.
6. What should you do to reduce your financial risk to less than $5,000? Is it worth it?

Details: Jyoti and Jeevan are highly impressed with your analysis. They decided to award you the contract for the implementation of the proposed solutions (forecasting system and inventory management system). They want you to finish the project within 75 business days, with a risk of a penalty of $100,000 if you exceed that duration. After working with your team, you develop the following project details as shown in the following table:

Project Information Table Duration (days) Likely Precedence Activity A B D E F G H 1 J K L M N 0 P 0 R S T Optimistic 3 2 1 6 2 6 1 3 3 14 1 2 2 3 12 2 4 1 5 1 4 2 7 4 8 2 6 4 16 1 8 3 4 13 4 5 2 Pessimistic 8 4 3 8 6 10 4 9 10 20 1 10 4 5 16 5 6 3 8 1 A A B D E F H H D K K M N o P M Q S 1 F L 0 R 1 Project crashing information Possible duration reduction (days) Optimistic Likely Pessimistic 1 1 1 Cost to crash the duration by one day (S) 500 1 ! 1 1,500 2 2 2 750 ! ! ! 1.000 Activity A B D E F G H 1 J K L M N O P 0 R S T 3 3 3 750 2 3 850 1.000 3 3 3 3 3 2.500 Project Information Table Duration (days) Likely Precedence Activity A B D E F G H 1 J K L M N 0 P 0 R S T Optimistic 3 2 1 6 2 6 1 3 3 14 1 2 2 3 12 2 4 1 5 1 4 2 7 4 8 2 6 4 16 1 8 3 4 13 4 5 2 Pessimistic 8 4 3 8 6 10 4 9 10 20 1 10 4 5 16 5 6 3 8 1 A A B D E F H H D K K M N o P M Q S 1 F L 0 R 1 Project crashing information Possible duration reduction (days) Optimistic Likely Pessimistic 1 1 1 Cost to crash the duration by one day (S) 500 1 ! 1 1,500 2 2 2 750 ! ! ! 1.000 Activity A B D E F G H 1 J K L M N O P 0 R S T 3 3 3 750 2 3 850 1.000 3 3 3 3 3 2.500