Draw an AON network using the following data and find the probability of completing the path with the longest expected duration in 44 days, the official opening date. Use Microsoft Project for this. Please find attached doc.
Simulate above to find the probabilities of project completion. Use a BetaPERT distribution for defining activity time distributions. After a 1000-trial simulation, examine the statistical information generated and compare the output of the simulation with your findings in Problem 28. Briefly explain the significant similarities anddifferences.(Optional:modifyyoursimulationmodel and determine the probability that the path with the longest expected duration actually is the critical path. What are the managerial implications associated with your results?)
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