Figure $11\mathrm{.}8$ is the network for the Largesse Hydro Project:

Figure $11\mathrm{.}8$

Largesse Hydro Project.

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.

$\backslash$table$[[$WBS Elerment,BCE,Corrective$],[$BTE $($wk$),$Cost,Ttime,Likelihood$],[L,$$$20\mathrm{.}000,9,$$$4,000,2,2],[$V$,$$$16,000,8,$$$4,000,2,\mathrm{.}3],[$T$,$$$32,000,5,$$$8,000,2,\mathrm{.}1],[$U$,$$$20\mathrm{.}000,7,$$$12,000,3,2],[$S$,$$$16,000,3,$$$4,000,1,3],[$J$,$$$18,000,3,$$$4,000,1,\mathrm{.}1],[$R$,$$$10,000,4,$$$4,000,3,\mathrm{.}3],[$C$,$$$15,000,6,$$$5,000,2,3]]$

a$.$ Determine the risk time and risk cost for all the WBS elements of the project.

b$.$ Consider the risk times on noncritical paths. Which activities and paths should be watched carefully as posing the highest risks?

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