What is slack and why is it important

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Reference no: EM131439466

Project Scheduling and Budgeting Solve the following problems using textbook: Using the diagram, find: ?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.

Reference no: EM131439466

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