Question: Question 21 (10 points) If correlations are ignored If correlations are taken into account / The two output distributions depicted above are from the same


Question 21 (10 points) If correlations are ignored If correlations are taken into account / The two output distributions depicted above are from the same Monte Carlo model. One corresponds to a situation where no correlations are introduced and the other a case where correlations were introduced {Raydugim 2013, pp. 35-86 and pp. 240-242). Explain how ignoring correlations might effect project cost and schedule reserves. Question 22 (10 points) Activity 1 Activity 2 Activity 2: Min. Duration Activity 2: Max. Duration ML Duration Min Max Activity 3 Explain the potential impact on Activity 3 in the schedule general uncertainty depicted above
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