Because of its geographical location, the Largesse Hydro project is threatened with weather-associated delays and costs. The likelihood of bad weather is estimated at 0.30 with a potential impact of delaying work by 10 weeks and increasing the cost by $20,000.
a. Ignoring the time and cost risks in Problem 23, what are the expected project completion time and completion cost considering the weather risk?
b. What is the estimated expected project completion time and cost considering the weather risk and the risks listed in Problem 23?