Question: Draw the network for the project below. Do the CPM calculations based on the most likely durations. Pick the longest three paths. Calculate the Expected

Draw the network for the project below. Do the CPM calculations based on the most likely durations. Pick the longest three paths. Calculate the Expected Duration and Standard Deviation for each path. Considering all three paths, what is the duration of the project with at least 90% confidence?

Duration (Days) Activity IPA Optimistic (To) Most Likely (Tm) Pessimistic (Tp) 11 6 15 A. B 11 B 10 NWONDOWOWA D 8 D. E 16 C. F. G 10 C. G H

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1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.