Question: Topic 5: Project Risk Management Consider the following project: MOST MOST MOST ACTIVITY OPTIMISTIC LIKELY PESSIMISTIC B D V W = A B - W

Topic 5: Project Risk Management Consider the following project: MOST MOST MOST ACTIVITY OPTIMISTIC LIKELY PESSIMISTIC B D V W = A B - W N w/ O W W U D 10 E E 10 a) What is the chance that the project is completed within 16 weeks? b) When reporting the anticipated project completion time to the senior management, the project manager wants to be sure that he has no less than 80% chance that the project can meet the reported target. Then, what time should the project manager report? [Hint: There is an 80 percent chance the project can be completed in X weeks or less. What is X?]

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