Project Scheduling and Budgeting

Solve the following problems using textbook:

• View the network diagram that is attached. 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.