EV analysis is an important tool to measure the performance of a project. It is a program management

technique that uses $$work in progress$$ to indicate what will happen to the work in future. It compares

the actual work performed against a baseline plan. In this way, the analysis helps in setting a standard

for performance evaluation and controls the time and cost constraints. It also helps in identifying the

critical activities which maybe noted down and taken care of during further progress of the project

$2\mathrm{.}1$ How can the project managers keep track of the possible areas that are prone to risk? $(8)$

$2\mathrm{.}2$ Explain a strategic assessment, technical assessment, cost$-$benefit analysis and risk evaluation in

the process of project evaluation. $(10)$

$2\mathrm{.}3$ Explain how to break the total project works and some major parts of the works into smaller and

manageable item. Relate your answer to project phases, costs, work package, activities, activity ID$,$

and WBS