How does simulation determine the probabilities of various project completion times?

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How does simulation determine the probabilities of various project completion times?

Assignment 2: Dropbox Assignment

Project Scheduling and Budgeting

Solve the following problems using textbook:

  • Click here to view the network diagram. Using the diagram, find (see second attachment)

?The critical path.

?How long it will take to complete the project?

  • How does simulation determine the probabilities of various project completion times?
  • What is “slack” and why is it important?
  • Why is activity-on-arrow (AOA) or activity-on-node (AON) of significant value to the project manager?
  • How is the uncertainty in project scheduling dealt with?
  • Should the critical path activities be managed differently from noncritical path activities? Explain.

Please provide your answers in a 3- to 4-page Microsoft Word Document.

Support your responses with examples.

Cite any sources in APA format.

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