Question: Quantitative Risk Analysis This assignment incorporates course content from Week 6 & 7 Probabilistic Approach to Scheduling Predecessor Given the activities from the following table,

Quantitative Risk Analysis This assignment incorporates course content from Week 6 & 7 Probabilistic Approach to Scheduling Predecessor Given the activities from the following table, where all durations have been estimated in weeks, and all estimates are made with a >99% confidence level. Activity A Optimistic - Most Likely Pessimistic 2 B -463 C A 594 D A 574 E B, C 6104 F D 573 G E 483 Assignment 2: (10 marks)5 a) Identify the expected time (te) and variance for each activity. (2 marks) b) Draw the network diagram and identify the critical path and project duration. (2 marks) c) Identify the probability that the critical path will be completed within 23 weeks. (2 marks) d) Repeat a) and c) if the estimates are made with a 90% confidence level. (4 marks) Quantitative Risk Analysis This assignment incorporates course content from Week 6\& 7 Probabilistic Approach to Scheduling Given the activities from the following table, where all durations have been estimated in weeks, and all estimates are made with a >99\% confidence level. \begin{tabular}{|l|l|l|l|l|}\hline Activity & Predecessor & Optimistic & Most Likely & Pessimistic \\\hline A & - & 2 & 4 & 6\\\hline B & - & 3 & 5 & 9\\\hline C & A & 4 & 5 & 7\\\hline D & A & 4 & 6 & 10\\\hline E & B, C & 4 & 5 & 7\\\hline F & D & 3 & 4 & 8\\\hline G & E & 3 & 5 & 8\\\hline \end{tabular} Assignment 2: (10 marks) a) Identify the expected time (te) and variance for each activity. (2 marks) b) Draw the network diagram and identify the critical path and project duration. (2 marks) c) Identify the probability that the critical path will be completed within 23 weeks. (2 marks) d) Repeat a) and c) if the estimates are made with a \(90\%\) confidence level. (4 marks) Note: The assignment must be submitted in a printer-friendly manner; formatted to one-page for a), b) and c), and to one page for d); include a page title, your name, and date submitted on each page. Submit the assignment as a single PDF file
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