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April 20, 2024

Business Question

Consider a sequence of activities that you have encountered in your daily life and briefly describe it. Would you be able to identify the critical path associated with these activities by inspection, or, alternatively, would you need to perform calculations? Provide your opinion and explain your rationale.

Consider a schedule in daily life that you lived through and that in your view would benefit from modeling using program evaluation and review technique (PERT), a Monte Carlo analysis, or both. Describe the schedule and explain why modeling the schedule would have assisted in managing the schedule risk and why taking the trouble to model the schedule would have made a difference.

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