Project Homework: Project Scheduling and Budgeting
Task:
I. View the network diagram. Using the diagram, find:
i. The critical path.
ii. How long it will take to complete the project?
II. How does simulation determine the probabilities of various project completion times?
III. What is "slack" and why is it important?
IV. Why is activity-on-arrow (AOA) or activity-on-node (AON) of significant value to the project manager?
V. How is the uncertainty in project scheduling dealt with?
VI. Should the critical path activities be managed differently from noncritical path activities? Explain.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.