Question 23 10 pts The network diagram below is from the bridge example that we reviewed in class. A legend for the notation is provided below the network diagram. 15 C 35 75|20|95 15 D 35 752095 95|1|115 O A 5 05/5 5 B 15 5 10 15 95 20 115 15 E55 15 40 55 55 G95 55 40 95 Early Start Early Finish OA 055 Eate Start Late Finish 15) F45 45 H 75 65 30 95 Duration 3530 65 Risks have been identified for the following activities. Risk Probability Impacted Activities D, E, F Impact (days) 15 20% Extreme weather results in flooding on site and creates a delay Subcontractor default creates a delay in material supply Failure to pass a quality control test results in rework and delay H 75% 5% 75 10 A. Given only the information above, calculate the cost risk impact and schedule risk impact separately for each of the mentioned four risks. Hint: For given ranges of probability or % of Base Cost, consider the midpoint of the range for your calculations. List of Risks Cost Risk Impact Schedule Risk Impact Delay due to extreme weather Delay due to environmental violation Subcontractor default Delay in material delivery B. Add the cost and schedule risk impact for each of the listed four risks and rank the risks in order of their financial importance (considering both cost and schedule). List of Risks Total Risk Impact Total Risk Ranking Delay due to extreme weather Delay due to environmental violation Subcontractor default Delay in material delivery Question 23 10 pts The network diagram below is from the bridge example that we reviewed in class. A legend for the notation is provided below the network diagram. 15 C 35 75|20|95 15 D 35 752095 95|1|115 O A 5 05/5 5 B 15 5 10 15 95 20 115 15 E55 15 40 55 55 G95 55 40 95 Early Start Early Finish OA 055 Eate Start Late Finish 15) F45 45 H 75 65 30 95 Duration 3530 65 Risks have been identified for the following activities. Risk Probability Impacted Activities D, E, F Impact (days) 15 20% Extreme weather results in flooding on site and creates a delay Subcontractor default creates a delay in material supply Failure to pass a quality control test results in rework and delay H 75% 5% 75 10 A. Given only the information above, calculate the cost risk impact and schedule risk impact separately for each of the mentioned four risks. Hint: For given ranges of probability or % of Base Cost, consider the midpoint of the range for your calculations. List of Risks Cost Risk Impact Schedule Risk Impact Delay due to extreme weather Delay due to environmental violation Subcontractor default Delay in material delivery B. Add the cost and schedule risk impact for each of the listed four risks and rank the risks in order of their financial importance (considering both cost and schedule). List of Risks Total Risk Impact Total Risk Ranking Delay due to extreme weather Delay due to environmental violation Subcontractor default Delay in material delivery