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1. Use RiskyProject and do schedule-based (assuming beta distribution for all activities) Monte Carlo simulation using 10000 runs and find (1) expected project duration; and (2) histogram of project duration
2. What is a tornado diagram in project management? How will you use it in schedule analysis? And total project cost analysis?
3. Using RiskyProject do cost-based simulation (using uniform distribution of cost of activities) using 10000 runs. Report (1) Expected Total Project Cost; (2) Sensitivity Analysis of Total Project Cost and first and third quartiles of Total Project Cost; (3) Develop a Tornado chart of Total Project Cost.
4. What is the criticality index of each activity in the network given above?
See following link for example of criticality index:
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